Updated Nov 27, 2024
CBRE Global Investors Provides $56.7M Loan For Multifamily Properties In Greenwood, IN
1630 Saddle Lane, Greenwood, Indiana, USA
$56,700,000
$9,040/SF
Building Size
6,272 SF
Asset Type
MultiFamily
Closing
May 16, 2021
About this deal
AI
An multifamily property located at 1630 Saddle Lane & 700 Bexley Place in Greenwood, IND has been involved in a closed transaction. The property consists of 538 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $56,700,000
- Market: Greenwood, IND
- Lender: CBRE Global Investors
The loan for this transaction was provided by CBRE Global Investors. The loan amount was $56,700,000 with floating-rate terms. The loan features an initial term of three years and can be extended up to two additional years.
Adrian Baker & Chuck Leitner, representing CBRE Global Investors, were involved in the deal as lenders.
Players
Greenwood 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93