Midwest Regional Office
J.C. Hart Company Transactions
“We are excited to establish a new lending relationship with one of the most prominent apartment developers in Indianapolis. Over the course of 2017 New York Life provided four apartment loans to the J.C. Hart Company of Indianapolis, Indiana. The loans were structured in some cases to allow for funding prior to stabilization, with appropriate credit supports until the properties reached full occupancy.”
—James Neidinger, Senior Director
- The loans totaled over $111 million and had terms ranging from 7 to 10 years.
- The Class A properties are located in affluent locations with strong market fundamentals, and encompass 1,077 apartment units in total.
- Amenities for each property include a swimming pool, fitness center, entertainment room, conference space, and a half-court basketball court that is a hallmark of Hart Properties.
- Each property provides a low density living environment with proximity to employment, retail and services.
Source: REI Midwest Regional Office, December 2017.