Commercial Loan Request: Indianapolis Property Acquisition & Rehab

This listing represents a commercial loan request for the acquisition and rehabilitation of a four-story property with a basement, strategically located in Downtown Indianapolis, Indiana, near the Pacer Arena. The property features a long-term, successful tenant occupying the entire first floor and basement, generating $6,200 per month with a scheduled increase. The second through fourth floors are slated for full occupancy upon completion of tenant improvements, with a Letter of Intent (LOI) secured for a 10-year lease at $15,000 per month from a very established tenant. The total acquisition price is $1.56 million, with approximately $1 million allocated for hard and soft rehab costs. The borrower, an experienced real estate developer with a middle FICO score of 700 and a net worth of $800,000, is willing to contribute up to $200,000 and is open to signing personally. The fully stabilized value of the property is estimated at $4 million. This opportunity is ideal for investors seeking to finance a significant real estate development project with strong tenant backing and a clear path to increased valuation.