CF Capital has recently made a significant investment in Island Club Apartments, a multifamily property situated in the heart of Indianapolis. This impressive 314-unit complex spans over 37.6 acres and is already established as a top-performing asset within the city.
Island Club Apartments has undergone an extensive $4.2 million renovation program, resulting in upgraded cabinet fronts, quartz countertops, refreshed fixtures and updated bathroom accents for its residents to enjoy. CF Capital plans to further enhance the property with an additional $2.8 million investment to maximize its long-term potential and meet growing tenant demand.
According to Tyler Chesser, Co-Founder and Managing Partner at CF Capital: “We are excited about this unique opportunity to invest in a partially renovated property that boasts both immediate returns and long-term growth potential.” He also highlighted Island Club’s prime waterfront location, close proximity to major employers and easy access downtown as key factors contributing towards its desirability among tenants.
With favorable financing terms from reputable agencies providing stability for investors while also offering positive leverage opportunities – it’s clear why CF Capital saw great value investing into this thriving Indianapolis apartment complex.
