FINANCEDRetail
Parkview Financial Provides $34M Bridge Loan For Retail Property In Plainfield, Indiana
2499 Perry Crossing Way, Plainfield, IN 46168
$34,000,000
$56/SF
Building Size
600,000 SF
Asset Type
Retail
Closing
Jul 26, 2020
AI
Paul Rahimian of Parkview Financial provided a $34 million bridge loan for the retail property located at 2499 Futura Parkway in Plainfield, Indiana. The loan has a term of 18 months.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $34,000,000
- Address: 2499 Futura Parkway, Plainfield, Indiana
- Market: Plainfield, Indiana
- Lender: Parkview Financial - Paul Rahimian
- Loan Terms: 18 months
- Loan Type: Bridge
- Square Footage: 600,000 SF
Paul Rahimian, representing Parkview Financial, facilitated the loan for this retail property transaction.
Players
Plainfield Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93