Merchants Capital, a multifamily financing provider, has secured a construction loan for the development of The Farm – a class A market-rate property located in Zionsville, IN southeast of Indianapolis. The loan was provided by Merchants Bank of Indiana to key developer Scannell Properties and co-developer Pittman Investors.
The Farm will bring 400 units and an additional 225,000 square feet of retail and commercial space to Zionsville as Phase 1 in the larger Planned Urban Development project outlined by the Town. Pre-leasing is expected to launch next month with design that is authentic to Zionsville’s history while providing premier quality at scale.
Anthony Cossell from Merchants Capital said: “The Farm’s design blends premier quality with scale in order to be the perfect addition to this historically scarce rental area.”
