CHARLOTTE, CAROLINA (August 2, 2021) – NorthMarq arranged the $9,500,000 refinance of La Perla Apartments, a 228-unit community. The property, located at 3287 Tara Court East in Indianapolis, Indiana, and is seven miles northwest from downtown. It provides tenants with affordable workforce housing and convenient access to I-65 and I-465 Indianapolis Memorial Highway. The community is also within two miles from Lafayette Square Mall and various retail and dining establishments.
Lawrence Larisma, senior vice president of NorthMarq’s Charlotte office secured the financing through one of the company’s CMBS partners. The loan was structured with a 10-year term and a 30-year amortization.
Apartment amenities include: High-speed internet access, air conditioning, heating, smoke-free environment, cable ready, disposal, oven, range, refrigerator, carpet, tile floors, office, window coverings, balcony and patio. Community amenities include: Laundry facilities, maintenance on-site, property manager on-site, 24-hour availability and playground.