Updated Dec 21, 2023
Lawrence Larisma - NorthMarq Arranges $6M Loan For 164-Unit Multifamily Property In Indianapolis
3621 Lawnview Lane, Indianapolis, IN 46222
$6,000,000
$595/SF
Building Size
10,080 SF
Asset Type
MultiFamily
Closing
Jul 8, 2020
About this deal
AI
A multifamily property located at 3621 Lawnview Ln in Indianapolis, IN has recently undergone a closed transaction. The property consists of 164 units and has been the subject of a loan. The loan amount for this transaction was $6,000,000, with a loan term of 10 years and a 30-year amortization schedule.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 164
- Address: 3621 Lawnview Ln, Indianapolis, IN
Lawrence Larisma from NorthMarq represented the parties involved in this transaction.
These are the key details of the closed transaction involving the multifamily property at 3621 Lawnview Ln in Indianapolis, IN. The loan amount for this deal was $6,000,000, and the loan terms included a 10-year loan with a 30-year amortization schedule. Lawrence Larisma from NorthMarq played a key role as the broker in this transaction.
Players
Indianapolis MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit NorthMarq to view all their deals.
Browse Indiana multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93