Updated Sep 9, 2024
BayBridge Real Estate Capital Secures $50.25M Construction Loan For MultiFamily Property In Noblesville, Indiana
Promenade Of Noblesville Parkway, Noblesville, In
$50,250,000
$19/SF
Building Size
2,613,600 SF
Asset Type
MultiFamily
Closing
Mar 17, 2023
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at Promenade Of Noblesville Parkway in Noblesville, Indiana. It consists of 210 units with a total square footage of 2,613,600. The loan amount for this transaction is $50,250,000, and it is classified as a Construction Loan.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $50,250,000
- Units: 210
- Square Footage: 2,613,600
- Address: Promenade Of Noblesville Parkway, Noblesville, Indiana
The deal was facilitated by Spencer Miller, Jay Miller, and Aj Felberbaum from BayBridge Real Estate Capital, who acted as representatives in this transaction.
There is no additional information available regarding this transaction.
Players
Noblesville 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93