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James Management Secures Financing for 498-Unit Anderson Portfolio

CBRE Places Aggregate $15.5M Loan with Starwood
January 29, 2018
James Management Group LLC, a Camel, IN-based full-service real estate management company, secured a total of $15.5 million in financing for a three-property, 498-unit multifamily portfolio in Anderson, IN.

Jason Brown and Dan Gable from CBRE’s Capital Markets’ Debt & Structured Finance team arranged the financing on behalf of the borrower, placing two acquisition loans and a refinance/recapitalization loan with Starwood Mortgage Capital. All three loans have secured 10-year terms with 30-year amortization.

The three apartment communities that were financed are the 214-unit Villages on Madison at 4325 South Madison Ave., the 212-unit Cross Lakes at 1800 Cross Lakes Blvd. and the 72-unit Giant Oaks at 1312 W. 8th St.
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