David Shemano Acquires Multifamily Property In Indianapolis For $21M Loan

A multifamily property located at 4430 Brookline Court in Indianapolis has been involved in a closed transaction. The property consists of 318 units and was part of a three-year loan. The loan, provided by Asia Capital Real Estate (ACRE), was for a total amount of $21,000,000. The loan-to-value ratio for this transaction was 71 percent.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $21,000,000
• Address: 4430 Brookline Court
• Market: Indianapolis
• Lender: Asia Capital Real Estate (ACRE)

David Shemano, the landlord of the property, was involved in the transaction. However, no additional details regarding the individuals or companies participating in the deal were provided.