David Shemano Acquires Multifamily Property In Indianapolis For $21M Loan
FINANCED
$21,000,000
Indiana
See Similar DealsMultiFamily356,704 SF
Financed 06/02/2020
FINANCED
David Shemano Acquires Multifamily Property In Indianapolis For $21M Loan
4430 Brookline Court, Indianapolis, IN 46220, USA
See Similar DealsMultiFamily356,704 SF
Financed 06/02/2020
Summary
INDIANA
Asset Type:MultiFamily
Price Per Square Foot:$58
Total Square Footage:356,704 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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