Indianapolis medical office buildings (paid in full)

Office | Indianapolis, IN

Photo: Google Maps

Acquisition financing for medical concentrated office buildings in Indianapolis’ central business district, with access to several major highways as well as notable retail destinations

Acquisition financing for medical concentrated office buildings in Indianapolis’ central business district, with access to several major highways as well as notable retail destinations

Investment highlights

  • The property is a neighborhood retail center containing 128,556 square feet of rentable area with a grocer and dollar store as its two primary tenants.
  • Centrally located in the northern Atlanta suburb of Holly Springs, this property is only 34 miles from Atlanta’s central business district.
  • Holly Springs has undergone significant residential housing growth as of late, with 2,000 new units currently under construction.

Location

Investment details1

Total loan size
$12,350,000
Purpose
Acquisition financing
LTV
71%
Date of loan
08/19/19
Year built
1983–1990
Square feet
192,524

  • As of October 27, 2020, this loan is no longer held in FS Credit Real Estate Income Trust’s portfolio. The borrower successfully executed on its business plan, allowing it to pay off the loan early and refinance the property with long-term debt.

  • FS Credit REIT is an illiquid product and it’s failure to qualify or remain qualified to be taxed as a REIT would adversely affect the NAV of its shares and the amount of cash available for distribution to stockholders.

Search our site