Alpha Capital CRE Secures $13.1M Bridge Loan For Industrial Property In Lafayette, IN
FINANCED
$13,100,000
Indiana
See Similar DealsIndustrial234,000 SF
Financed 03/25/2022
FINANCED
Alpha Capital CRE Secures $13.1M Bridge Loan For Industrial Property In Lafayette, IN
3535 Brady Lane, Lafayette, Indiana 47909, United States
See Similar DealsIndustrial234,000 SF
Financed 03/25/2022
Summary
INDIANA
Asset Type:Industrial
Price Per Square Foot:$56
Total Square Footage:234,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,100,000.00
Monthly NOI$87,333.33
Monthly Debt Service$82,800.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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