KeyBank Real Estate Capital (KBREC) recently arranged a $74.6 million Freddie Mac non-recourse, first mortgage loan to secure the 628-unit garden-style apartment complex known as “Lakes at 8201” in Merrillville, Indiana. Built in 1993 and located at 8201 Polo Club Drive, this multifamily property consists of one-, two-, and three-bedroom units spread across 20 residential buildings along with an office building, clubhouse and 13 garages providing 245 garage spaces on 36.66 acres of land.
John Ward and Joseph Tinti from KBREC structured the loan for The Beitel Group – a single family office experienced in owning & managing diversified real estate portfolios worldwide – which will be used for acquisition purposes. The Beitel Group is owned by the veteran US market figure -the Beitel Family who have been successful over 75 years now!
