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Red Oak Capital Holdings Provides $2.84M Bridge Loan For Linn Apartments In Indianapolis

Property Image
FINANCED
$2,840,000
TG
JM

Indiana

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MultiFamily
Financed 01/21/2026
the dealplayerscompscontact
Property Image
FINANCED

Red Oak Capital Holdings Provides $2.84M Bridge Loan For Linn Apartments In Indianapolis

255 East Southern Avenue

See Similar Deals
MultiFamily
Financed 01/21/2026
TG
JM
the dealplayerscompscontact
Contact now

Summary

INDIANA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is Linn Apartments, a 43-unit Class C multifamily property located at 255 East Southern Avenue, Indianapolis, IN, encompassing 1.55 acres.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,840,000
  • Loan Type: Bridge
  • Loan Terms: 18-month, interest-only
  • Lender: Thomas Gorski & James Myatt - Red Oak Capital Holdings
  • Landlord: Midwest Living Management
  • Loan Covers: 55.7% of the stabilized value
  • Planned Renovations: Interior renovations to modernize units

Red Oak Capital Holdings facilitated the financing for the acquisition and repositioning of the property with a bridge loan. The lenders involved are Thomas Gorski and James Myatt. The project is managed by the landlord, Midwest Living Management, focusing on enhancing the living spaces within the property.

Players

TG
Thomas Gorski
6 deals$23.6M volume
LENDER
JM
Red Oak Capital Holdings
James Myatt
6 deals$23.6M volume
LENDER

Details

FINANCED
IMAGE: 01/21/2026 ADDRESS: 255 East Southern Avenue MARKET: Indianapolis, IN ASSET TYPE: Multifamily ~ UNITS: 43 ~ ACRES: 1.55 LENDER: Thomas Gorski & James Myatt - Red Oak Capital Holdings LANDLORD: Midwest Living Management LOAN AMOUNT: $2,840,000 LOAN TYPE: Bridge LOAN TERMS: 18-month, interest-only NOTE: Red Oak Capital Holdings provided a $2.84 million bridge loan to support the acquisition and repositioning of Linn Apartments, a 43-unit Class C multifamily property at 255 E. Southern Ave., Indianapolis. The 18-month, interest-only loan covers 55.7% of the stabilized value, with the sponsor planning interior renovations to modernize units.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,840,000.00

Monthly NOI$18,933.33
Monthly Debt Service$17,950.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00