Samuel Kwadrat Of Rhine Legacy Capital Provides $8.4M Loan For Indianapolis Multifamily Acquisition
$8,400,000
$45/SF
Building Size
186,000 SF
Asset Type
MultiFamily
Closing
Mar 11, 2026
AI
The property asset involved in this transaction is a multifamily building located in Indianapolis, comprising 186 units and a total square footage of 186,000. The loan amount secured for this acquisition and capital expenditure is $8,400,000, with a loan type defined as Acquisition + Capex and terms set at 18 months with an option for extension.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $8,400,000
- Loan Type: Acquisition + Capex
- Loan Terms: 18 months + extension
- Lender: Samuel Kwadrat - Rhine Legacy Capital
- Market: Indianapolis
- Units: 186
- Square Footage: 186,000
The key individual involved in this transaction is Samuel Kwadrat, representing Rhine Legacy Capital, which serves as a bridge lender known for providing 9–11% financing with up to 85% leverage, highlighting their capabilities in terms of speed, certainty, and flexible structuring.
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93