Alpha Capital CRE Secures $13.1M Bridge Loan For Industrial Property In Lafayette, IN
3535 Brady Lane, Lafayette, Indiana 47909, United States
$13,100,000
$56/SF
Building Size
234,000 SF
Asset Type
Industrial
Closing
Mar 24, 2022
AI
A industrial property located at 3535 Brady Ln in Lafayette, IN has been involved in a closed transaction. The property spans approximately 234,000 square feet. The transaction took place on 03/25/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,100,000
- Loan Type: Acquisition
- Loan Terms: Bridge Loan
The transaction was facilitated by Sean Truesdale from Alpha Capital CRE. He represented the parties involved in the deal.
No additional information regarding the property or the transaction is available.
Lafayette Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93