Newmark Knight Frank Multifamily (NKF) arranged $102 million in Fannie Mae debt on behalf of Spruce Capital. The debt helped finance New York City-based Spruce’s $133-million acquisition of a four-asset multifamily portfolio totaling 1,024 units in suburban Indianapolis from Hampshire Properties. “This is part of a continuing trend of New York-based sponsors looking to acquire multifamily assets …
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