Updated May 12, 2025
David Shemano Acquires Multifamily Property In Indianapolis For $21M Loan
4430 Brookline Court, Indianapolis, IN 46220, USA
$21,000,000
$58/SF
Building Size
356,704 SF
Asset Type
MultiFamily
Closing
Jun 2, 2020
About this deal
AI
The property involved in this transaction is a multifamily asset located at 4430 Brookline Court in Indianapolis. The loan amount secured for this asset is $21,000,000, with terms that include a three-year duration featuring a loan-to-value ratio of 71 percent. The property consists of a total of 318 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 4430 Brookline Court
- Market: Indianapolis
- Lender: Asia Capital Real Estate (ACRE)
- Landlord: David Shemano
- Units: 318
- Loan Terms: Three-year loan with a loan-to-value ratio of 71 percent
Key individuals in this transaction include the lender, Asia Capital Real Estate (ACRE), and the landlord, David Shemano, who is overseeing the property management in this deal.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93