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9988 Crosspoint Boulevard

Interamar Refinances Fishers Office Building With $8.5M Loan From Inland Mortgage Capital
FINANCEDOffice

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

Matthew Stearns

Black Bear Capital Partners

Broker

$910.4M

vol

34 deals

Broker
Inland Mortgage Capital
Inland Mortgage CapitalLender

Fishers Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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