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Merchants Bank provides loan for Kingswood Apartments

Austin Housing Authority logoAustin Housing Authority
Disclosed value
$35,000,000
From agenda
Document date
Aug 15, 2024

The 30-second brief

What it covers

Merchants Bank of Indiana to provide $35 million equity bridge loan for Kingswood Apartments.

Who holds it

Merchants Bank of Indiana holds this loan contract with Austin Housing Authority. Its other public contracts on record include work for Indianapolis Public Schools and Iowa Finance Authority.

See who signed off on this $35M contract.

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Contract details

Contract type
Loan
Amount
$35,000,000
Document date
August 15, 2024
Term
NA
Vendor
Merchants Bank of Indiana
Agency
Austin Housing Authority
Source document
austin-housing-authority-agenda-affordable-housing-acquisitions-development-aug-15-2024_489.pdf (Agenda)

Merchants Bank of Indiana's other public contracts

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Questions about this contract

Who was awarded the loan contract by Austin Housing Authority?

Merchants Bank of Indiana was awarded this loan contract by Austin Housing Authority, as recorded on August 15, 2024. The contract value is $35,000,000.

How much is the Merchants Bank of Indiana contract with Austin Housing Authority worth?

The Merchants Bank of Indiana contract with Austin Housing Authority is valued at $35,000,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in austin-housing-authority-agenda-affordable-housing-acquisitions-development-aug-15-2024_489.pdf (Agenda), dated August 15, 2024 from Austin Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Merchants Bank of Indiana hold?

Merchants Bank of Indiana may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Austin Housing Authority currently buying?

Explore Austin Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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