FINANCED
LendingClub Bank Provides $7.6M Refinance Loan For Walmart-Anchored Retail Strip In Indianapolis, IN
7423 US Route 31
Retail
78,702 SF
78,702 SF
Financed 1 year ago
Summary
Loan
INDIANA
Retail
78,702 sqft
The property involved in this closed transaction is a retail asset located at 7423 US 31 Highway in Indianapolis, IN. The property spans 78,702 square feet and is owned by Singleton Properties.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,600,000
- Market: Indianapolis, IN
- Lender: LendingClub Bank
- Broker: Matthew Stearns -
- Loan Type: Refinance
The property was financed through a loan provided by LendingClub Bank. The loan amount is $7,600,000, and it was obtained for the purpose of refinancing the property. The loan terms include a 10-year fixed rate at 5.25% interest with a loan-to-value (LTV) ratio of 65%.
Players
Details
FINANCED
IMAGE: Matthew Stearns
DATE: 07/22/2022
ADDRESS: 7423 US 31 Highway
MARKET: Indianapolis, IN
ASSET TYPE: Retail ~ SF: 78,702
LENDER: LendingClub Bank
LANDLORD: Singleton Properties
BROKER: Matthew Stearns - (@BlackBearCapitalPartners)
LOAN AMOUNT: $7,600,000
LOAN TYPE: Refinance
LOAN TERMS: The 79k SF Walmart-anchored retail strip was financed with a 10-year fixed rate loan at 5.25% and 65% LTV.View on map
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Address7423 US Route 31
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