Updated Oct 28, 2024
Zidan Management Group Acquires 516-Unit Multifamily Property In Indianapolis For $40.2M
1540 Handball Lane, Indianapolis, IN 46260
$40,200,000
Units
516
Asset Type
MultiFamily
Closing
Nov 30, 2021
About this deal
AI
The multifamily property located at 1540 Handball Lane in Indianapolis, Indiana has been involved in a recent transaction. The property consists of 516 units and was acquired by Zidan Management Group, Inc.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $40,200,000
- Loan Amount: $40,200,000
- Loan Terms: 10-year Fannie Mae loan with a 3.7 percent interest rate and a 30-year amortization schedule
- Market: Indianapolis, Indiana
This transaction was facilitated by brokers Jason Brown and Austin Katai from Berkadia.
The multifamily loan at 1540 Handball Lane, Indianapolis, IN 46260 in Indianapolis, Indiana financed for $40.2M in 2021. Reported inventory is 516 units across 516 units. Jason Brown, Austin Katai, Berkadia appear on the loan alongside Berkadia. This page is the Indianapolis, Indiana file for the 1540 Handball Lane, Indianapolis, IN 46260 multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Indianapolis sit in the Market section below. Filter that Indianapolis multifamily set by closing date to see what else financed near 1540 Handball Lane, Indianapolis, IN 46260 around 2021. Published consideration for 1540 Handball Lane, Indianapolis, IN 46260 is $40.2M, dated 2021. Cite this Zidan Management Group Acquires 516-Unit Multifamily Property In Indianapolis For $40.2M loan when underwriting similar multifamily product around Indianapolis, Indiana.
Players
Indianapolis MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93