LMF Commercial Provides $9.75M Refinancing Loan For Indianapolis Hotel With Nihad Choudhury
$9,750,000
Building Size
—
Asset Type
Hotel
Closing
Oct 7, 2025
AI
The asset involved in the transaction is a hotel located in Indianapolis, IN, featuring a total of 129 keys. The property is associated with a loan amount of $9,750,000 which is designated as a refinance. The financial structure of the loan includes a CMBS type with a 5-year term and a 30-year amortization schedule.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $9,750,000
- Lender: LMF Commercial
- Loan Originator: Nihad Choudhury
- Loan Type: Refinance
- Loan Terms: CMBS- 5 Year Term, 30 Year Amortization
In this transaction, LMF Commercial acted as the lender with Nihad Choudhury as the loan originator, playing crucial roles in facilitating the refinance of the hotel asset. Their involvement underscores the financial aspects of the transaction.
Players
Market 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