Merchants Bank of Indiana

Lender

410 Monon Blvd 4TH FLOOR Carmel, IN 46032

7900 International Dr Suite #710 Bloomington, MN 55425

People:

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Company Activity past 24 months:

Lender company: 10 for $349.6 million

Recent activity as company:

Camber Property Group and Settlement Housing Fund borrowed $17.2 million from Merchants Bank of Indiana for 1339 Morrison Avenue on December 22, 2025.

Shiya Labin borrowed $19.1 million from Arbor Realty Trust for 800 Sterling Place on September 04, 2025.

Brookfield Properties and Tredway borrowed $60.5 million from Merchants Bank of Indiana for 125 Beach 17 Street on May 06, 2025.

Doe Fund borrowed $12.1 million from Merchants Bank of Indiana for 223 East 117 Street on December 19, 2024.

Camber Property Group borrowed $12.9 million from Merchants Bank of Indiana for 48 East 131 Street on October 23, 2024.

Camber Property Group borrowed $63.5 million from Merchants Bank of Indiana for 361 Belmont Avenue on October 23, 2024.

Camber Property Group borrowed $19.6 million from Merchants Bank of Indiana for 1971 Grand Avenue on October 23, 2024.

Camber Property Group and Harlem Congregations For Community Improvement borrowed $58.5 million from Merchants Bank of Indiana for 1137 Ogden Avenue on September 30, 2024.

Camber Property Group borrowed $96.3 million from Merchants Capital for 299 Alabama Avenue on September 30, 2024.

West Harlem Group Assistance borrowed $63.3 million from Merchants Bank of Indiana for 513 West 145 Street on June 27, 2024.

Latest Stories:

• Aview files 2nd bankruptcy to block 2nd auction for Midtown West property valued at $19M (September 17, 2025)

• Post-bankruptcy auction set for $19M Aview Equities 28-unit Midtown West building, $36.76M loan default (August 03, 2025)

• Brookfield, Tredway, pay $83.6M to Related for 602-unit affordable rental in Far Rockaway (May 14, 2025)

• $19M bankruptcy filed at Aview Equities nearly vacant Midtown West apartment building (December 16, 2024)

• Camber Property signs $96.3M refi with Merchants Capital for four properties in East New York (October 11, 2024)

• WHGA signs $63.3M rehab loan with Merchants Bank of Indiana for 27 properties in Harlem (July 17, 2024)

• Gilbane with Tredway, ELH Mgmt., Brookfield, file plans for 250-unit senior rental in Coney Island (July 01, 2024)

• Barrier Free Living signs $45.3M construction loan for development in Alphabet City (January 17, 2024)

• Tredway, Gilbane Development, ELH Mgmt. pay Arker, Related $150M (June 14, 2023)

• Melaim Bauta pays $9.5M to Gerald Leibman for 66-unit walkup in Hell’s Kitchen (September 30, 2022)

Court Records:

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