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Meridian Closes Financing on $115M Buy

INDIANAPOLIS-Meridian Realty Investments secures $85.76 million in financing to purchase four multifamily communities from Chicago-based AMLI Residential totaling 1,262 units in the Greater Indy area.

By Dana Dubriwny | Updated on July 11, 2006

(To read more on the multifamily market, click here.)

INDIANAPOLIS-Meridian Realty Investments has obtained $85.76 million in financing to purchase four multifamily properties. Secured through Wachovia Securities, the four loans used in the acquisition of the rental portfolio have a fixed-rate of 6.12%.

The properties include: the 400-unit AMLI on Spring Mill, 14637 Handel Dr., Carmel, built in 1998; the 322-unit AMLI Carmel Center, 675 Beacon St., Carmel, built in 2002; the 300-unit AMLI at Connor Farms, 11400 Gables Dr., Fishers, built in 1995; and AMLI Eagle Creek, 240 units at 5525 Elkhorn Dr., Indianapolis.

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