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