LendingClub Bank Provides $7.6M Refinance Loan For Walmart-Anchored Retail Strip In Indianapolis, IN
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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
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- Location7423 US Route 31
- Loan Value$7,600,000
- Asset TypeRetail
- Parties1 Broker, 1 Agency, 1 Lender
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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.
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7423 US Route 31
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