Indianapolis — Grandbridge Real Estate Capital has secured the refinancing of Lockefield Gardens, a 493-unit multifamily community located near Indiana University-Purdue University Indianapolis.
Ed Chandler of Grandbridge secured the financing through Ladder Capital Finance on behalf of Sexton Properties. The permanent, fixed-rate loan features a 10-year term, 30-year amortization and an initial period of interest only. The property offers one- and two-bedroom units. Shared amenities include a swimming pool, Jacuzzi and outdoor grills and picnic areas.