Industrial O Indiana

CBRE closes $6 million bridge loan for portfolio near Indianapolis

CBRE has arranged and closed a bridge loan on behalf of its client, Indianapolis-based DTM Real Estate. A bridge loan was obtained by Dan Gable and Jason Brown from CBRE Capital Markets’ Debt & Structured Finance team for a three-building portfolio totaling 161,954 square feet of office and flex industrial space in Greenwood, Indiana.

The three-year $6.63 million loan has a floating rate and is three years interest only. The loan provided for acquisition dollars as well as structured Tenant Improvements, Leasing Commissions, and Capital Expenditures.