Mag Mile Capital Closes $9.75M Loan For Holiday Inn At Indianapolis Airport
8555 Stansted Drive
$9,750,000
Building Size
—
Asset Type
Hotel
Closing
Jun 11, 2025
About this deal
AI
The Holiday Inn at Indianapolis Airport, located at 8555 Stansted Drive, is an asset type classified as a hotel in the Indianapolis, IN market. This property secured a cash-out CMBS loan amounting to $9,750,000, structured at a 60% loan-to-value ratio. The financial arrangement consists of a 5-year loan term coupled with a 30-year amortization schedule.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $9,750,000
- Loan Terms: 5-year loan term, 30-year amortization
- Loan to Value Ratio: 60%
- Landlord: Rushi Shah & Prabhat Jayara
- Agency: Mag Mile Capital
The financing was facilitated by Mag Mile Capital, who played a significant role in securing the loan backed by a non-bank lender based in New York. This financial move is aimed at enhancing cash flow for ownership and is intended to fund the establishment of a new Bar Louie restaurant in the hotel lobby.
Players
Indianapolis Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93