2270 N State St | Greenfield, IN 46140
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- LoopNet Team
2270 N State St
Greenfield, IN 46140
Hospitality Property For Sale
·
52,704 SF
INVESTMENT HIGHLIGHTS
- Non-Performing Loan (NPL) collateralized by the fee-simple interest in the 96-key Quality Inn Greenfield, IN.
- Loan was originated in 2014 with a 10-year term, 20-year amortization, and an interest rate of 4.81%.
- Loan transferred to special servicing in July 2019 due to imminent default and a court appointed a receiver was put in place.
- Available for purchase in the April 19 auction event via Ten-X.
- Unpaid principal balance was $3,173,262.23 in March 2023.
- Asset is cash flow positive and positive trending performance.
LOAN DETAILS
Loan Status
Lien Position
Outstanding Balance
Original Balance
Maturity Date
Original Term
Loan Status
Lien Position
Outstanding Balance
Original Balance
Maturity Date
Original Term
Remaining Term
Interest Rate
Rate Type
Non-Recourse
Cross-Collateralized
Maturity Default
First
$3,173,262
$4,924,500
7/6/2024
1 Months
Maturity Default
First
$3,173,262
$4,924,500
7/6/2024
1 Months
-19 Months
4.81%
Fixed
No
No
Remaining Term
Interest Rate
Rate Type
Non-Recourse
Cross-Collateralized
-19 Months
4.81%
Fixed
No
No
PROPERTY FACTS
| Sale Condition | Auction Sale | Building Size | 52,704 SF |
| Type of Ownership | Fee Simple | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1986/2025 |
| Property Subtype | Hotel | Parking Ratio | 1.24/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.29 AC | APN / Parcel ID | 30-07-20-400-002.001-009 |
| Zoning | Hounit - Hotel/Motel Unit | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.29 AC |
| Building Size | 52,704 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2025 |
| Parking Ratio | 1.24/1,000 SF |
| Corridor | Interior |
| APN / Parcel ID | 30-07-20-400-002.001-009 |
| Zoning | Hounit - Hotel/Motel Unit |
AMENITIES
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
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