RRA Capital Provides $6.86M Loan For Industrial Asset In Indianapolis
FINANCED
$6,860,000
Indiana
See Similar DealsIndustrial
Financed 09/01/2023
FINANCED
RRA Capital Provides $6.86M Loan For Industrial Asset In Indianapolis
1908 Stout Field W Dr & 1950 Stout Field W Dr
See Similar DealsIndustrial
Financed 09/01/2023
Summary
INDIANA
Asset Type:Industrial
Transaction Type:Loan
The property asset involved in this transaction is located at 1908 Stout Field W Dr in Indianapolis. This industrial asset is part of the market focused on industrial properties, with a loan amount of $6,860,000.00 secured for the property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,860,000.00
- Address: 1908 Stout Field W Dr
- Market: Indianapolis
- Lender: RRA Capital
- Brokers: Samuel Godfrey - JLL
The key individuals and companies involved in the deal include broker Samuel Godfrey representing the interests related to this industrial asset through JLL, illustrating the professional support navigating this financial transaction. The lender for the loan was RRA Capital, which facilitated the funding necessary for this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,860,000.00
Monthly NOI$45,733.33
Monthly Debt Service$43,359.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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