facebook
Traded Co logo
Submit a Deal

LendingClub Bank Provides $7.6M Refinance Loan For Walmart-Anchored Retail Strip In Indianapolis, IN

7423 US Route 31
PointingArrow
ShareContact

This Retail property located in IN received a loan of $7,600,000 over 1 year ago. The broker of the deal was Matthew (Matt) Stearns

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

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%.

View Related

Deals
  • Location
    7423 US Route 317423 US Route 31
  • Loan Value
    $7,600,000$7,600,000
  • Asset Type
    RetailRetail
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Matthew (Matt) Stearns

Matthew (Matt) Stearns

Deals20
Financed$416.5M

Agency

Black Bear Capital Partners

Black Bear Capital Partners

Agency
Deals294
Volume$6.3B

LendingClub Bank

LendingClub Bank

Lender
Deals1
Volume$ 828.8M

Social

Deal Summary

LOAN 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.

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

7423 US Route 31

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits