Berkadia Secures $8.9 Million Acquisition Financing for 141-Unit Community Near Indiana University Southeast

by Katie Sloan

New Albany, Ind. — Berkadia has secured $8.9 million in acquisition financing for a 141-unit student housing property located near the Indiana University Southeast campus in New Albany. Jason Brown and Sam Orman of Berkadia secured the three-year bridge loan through Old National Bank on behalf of the borrower, Zidan Management Group. Located at 4100 Prestwick Square, The Annex of New Albany offers a mix of studio, one-, two- and three-bedroom units. Shared amenities at the property include a clubhouse, resident lounge, 24-hour fitness center and laundry facilities.

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