Berkadia has arranged the financing and equity sourced for Legacy Park, a 250-unit, 2009 vintage, garden-style walk-up apartment community located in Brownsburg, Indiana.

Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt of Berkadia JV Equity & Structured Capital arranged $13 million in institutional equity for Wilkinson Corporation’s acquisition. Richard Levine of Berkadia Atlanta secured $29.947 million in financing on behalf of the buyer. The seven-year loan was financed through Freddie Mac.

“Our long-time client, Wilkinson Corporation has a deep track record of acquiring multifamily assets in the Indianapolis MSA, so we were confident we would be able to source an institutional partner in the current environment,” said Kirkpatrick. “Our team remains extremely active sourcing equity for experienced sponsors, and we are finding a lot of institutional appetite for select markets in the Midwest,” said Franklin. Located at 6750 Legacy Park Drive, the property features one-, two-, and three-bedroom floorplans.