Promenade Trails

Noblesville, IN

Multifamily Refinance

Promenade Trails

MULTIFAMILY REFINANCE

ACRES Capital has funded a $54.25 million loan to refinance Promenade Trails, a best-in-class age-restricted garden/low-rise 210-unit apartment complex, located in Noblesville, IN.

The property consists of

• 120-acre master-planned community
• Offers 49 one bedroom/one bathroom and 161 two bedroom/two bathroom units
• 476 parking spaces
• Swimming pool
• Sun deck
• Fitness center with a wellness program and fitness coordinator
• Community events
• Pet spa
• Clubhouse
• Dog park

$54 Million

Loan Amount

Refinance

Loan Product

“Promenade Trails exemplifies ACRES’ commitment to financing high-quality developments that elevate their submarkets. With the property’s extensive lifestyle amenities, strategic location, and the proven expertise of the Justus Companies, we are confident it will become a cornerstone of the Noblesville community.”

- Mark Fogel

ACRES Chief Executive Officer and President

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.