Interamar Refinances Fishers Office Building With $8.5M Loan From Inland Mortgage Capital
9988 Crosspoint Boulevard
$8,500,000
$77/SF
Building Size
109,413 SF
Asset Type
Office
Closing
Apr 28, 2023
AI
The multi-tenant office building located at 9988 Crosspoint Boulevard in Fishers, IN has recently undergone a refinancing transaction. Spanning 109k SF, the property was refinanced through a $8,500,000 loan provided by Inland Mortgage Capital. The loan type was a refinance, and it featured a 3-year floating rate with interest-only payments for the entire duration of the term. The landlord in this transaction was Interamar, and the broker representing the deal was Matthew Stearns from Black Bear Capital Partners.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,500,000
- Lender: Inland Mortgage Capital
- Landlord: Interamar
- Broker: Matthew Stearns - Black Bear Capital Partners
This refinancing deal involves a multi-tenant office building in Fishers, IN. The loan amount of $8,500,000 was facilitated by Inland Mortgage Capital, providing the necessary funds for the refinancing. Interamar acted as the landlord in this transaction, while Matthew Stearns from Black Bear Capital Partners represented the deal as the broker.
Players
Fishers Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93