Metro area
Indianapolis-Carmel-Greenwood CMBS loans
The Indianapolis-Carmel-Greenwood, IN metro has 90 loans in public CMBS trusts with $1.6B outstanding. 14.1% of the balance is with a special servicer and 12.1% is delinquent. 13 loans ($242.2M) mature by the end of 2027.
Maturing by year
| Year | Loans | Balance |
|---|---|---|
| 2026 | 1 | $18.0M |
| 2027 | 11 | $151.2M |
| 2028 | 16 | $243.2M |
| 2029 | 16 | $157.0M |
| 2030 | 8 | $157.3M |
| 2031 | 21 | $468.6M |
By property type
| Type | Loans | Balance | Special servicing |
|---|---|---|---|
| Multifamily | 25 | $558.6M | 12.7% |
| Office | 14 | $344.4M | 34.5% |
| Hotel | 11 | $196.8M | 0.0% |
| Self storage | 11 | $140.1M | 0.0% |
| Retail | 16 | $135.2M | 22.8% |
| Industrial | 6 | $67.6M | 0.0% |
| Manufactured housing | 2 | $63.6M | 0.0% |
| Mixed use | 5 | $60.0M | 0.0% |
Due in the next 12 months
- 2027-02 2 loans, $51.7M
- 2027-03 1 loan, $4.6M
- 2027-05 1 loan, $10.4M
- 2027-08 2 loans, $10.2M
- 2027-09 2 loans, $8.3M
Loans in Indianapolis-Carmel-Greenwood
All 90, largest first.
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cambridge Commons | Indianapolis, IN | Multifamily | $134.0M | 3.724% | Nov 2031 | n/a | n/a | Current |
| Regions Tower | Indianapolis, IN | Office | $73.0M | 4.897% | Oct 2023 | n/a | n/a | Past maturity and not performing |
| Silverstone | Indianapolis, IN | Manufactured housing | $61.5M | 7.019% | Jan 2030 | n/a | n/a | Current |
| Soa - E. Washington | Indianapolis, IN | Self storage | $61.5M | 6.007% | Apr 2031 | n/a | n/a | Current |
| Hyatt Regency Indianapolis | Indianapolis, IN | Hotel | $56.7M | 7.08% | Apr 2033 | n/a | n/a | Current |
| Kingston Square Apartments | Indianapolis, IN | Multifamily | $51.0M | 5.82% | Sep 2032 | n/a | n/a | Current |
| Hamilton Crossing, Carmel | Carmel, IN | Office | $45.7M | 4.92% | Feb 2027 | 1.36x | 66% | With the special servicer |
| Marriott Indianapolis North | Indianapolis, IN | Hotel | $42.8M | 6.979% | Apr 2031 | n/a | n/a | Current |
| Knoll Ridge | Indianapolis, IN | Multifamily | $42.5M | 7.22% | Sep 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Meridian Mark | Carmel, IN | Office | $41.5M | 6.79% | Aug 2031 | n/a | n/a | Current |
| Williamsburg North | Indianapolis, IN | Multifamily | $37.5M | 6.33% | Feb 2031 | n/a | n/a | Current |
| The Depot at Nickel Plate | Fishers, IN | Multifamily | $36.5M | 6.24% | Sep 2030 | n/a | n/a | Current |
| Meridian Plaza | Carmel, IN | Office | $31.5M | 7.67% | Jun 2028 | 1.72x | 74% | Current |
| Castleton Commons and Square | Indianapolis, IN | Retail | $30.8M | 5.605% | Nov 2028 | 1.04x | 76% | With the special servicer and 90+ days delinquent |
| Lockefield Gardens | Indianapolis, IN | Multifamily | $30.4M | 4.618% | Nov 2027 | 1.35x | 88% | Current |
| Maple Creek Village Apartments | Indianapolis, IN | Multifamily | $28.2M | 7.15% | Aug 2033 | -0.08x | n/a | With the special servicer and 90+ days delinquent |
| Landings I & II | Indianapolis, IN | Office | $24.0M | 6.65% | Oct 2030 | 1.77x | 92% | Current |
| Meridian at North | Indianapolis, IN | Office | $23.9M | 5.076% | Sep 2028 | 0.59x | 65% | Current |
| Crowne Plaza Indianapolis | Indianapolis, IN | Hotel | $23.2M | 7.152% | Mar 2033 | 1.64x | 61% | Current |
| One & Two River Crossing | Indianapolis, IN | Office | $22.8M | 3.289% | Sep 2031 | 3.92x | 98% | Current |
| Villa Del Sol Apartments | Indianapolis, IN | Multifamily | $22.7M | 4.56% | Apr 2028 | 2.96x | 100% | Current |
| Covance Business Center | Indianapolis, IN | Mixed use | $20.3M | 4.45% | Oct 2027 | 1.72x | 100% | Current |
| Franklin Road Distribution Center | Indianapolis, IN | Industrial | $18.5M | 5.486% | Dec 2028 | 2.07x | 84% | Current |
| Embassy Suites Indianapolis North | Indianapolis, IN | Hotel | $18.1M | 5.30% | Mar 2028 | 0.15x | 73% | Current |
| Crestwood South Apartments | Indianapolis, IN | Multifamily | $18.0M | 6.058% | Jan 2036 | 2.29x | 86% | Current |
| Salesforce Tower | Indianapolis, IN | Office | $18.0M | 4.367% | Sep 2026 | 3.11x | 81% | Past maturity but still paying |
| Allied Solutions | Carmel, IN | Office | $17.6M | 4.485% | Feb 2029 | 3.90x | 100% | Current |
| Nine + Eighteen Apartments | Indianapolis, IN | Multifamily | $17.4M | 3.955% | Dec 2031 | 0.78x | 72% | Current |
| GRM Indianapolis | Indianapolis, IN | Industrial | $17.0M | 6.26% | May 2028 | 2.01x | 100% | Current |
| FreshEdge Industrial Portfolio | Indianapolis, IN | Industrial | $16.4M | 5.80% | Jun 2031 | n/a | n/a | Current |
| City Center @ Penn | Carmel, IN | Office | $16.0M | 7.34% | Mar 2029 | 1.71x | 97% | Current |
| Sawmill Apartments | Indianapolis, IN | Multifamily | $15.5M | 6.10% | Dec 2029 | 1.07x | 81% | Delinquent |
| Meridian North | Indianapolis, IN | Mixed use | $15.4M | 4.82% | Nov 2027 | 1.90x | 98% | Current |
| Lakeside Pointe At Nora | Indianapolis, IN | Multifamily | $15.2M | 5.98% | Nov 2028 | n/a | n/a | Current |
| Infinite Self Storage - Nora | Indianapolis, IN | Self storage | $15.2M | 6.46% | Oct 2035 | n/a | n/a | Current |
| Keystone Crossing | Indianapolis, IN | Mixed use | $14.4M | 3.655% | Nov 2029 | n/a | n/a | Current |
| Bellagio West Apartments | Indianapolis, IN | Multifamily | $14.4M | 7.362% | Dec 2029 | n/a | n/a | Current |
| Camden Oakes | Indianapolis, IN | Multifamily | $14.4M | 4.91% | Sep 2028 | 1.82x | 96% | Current |
| Jiffy and Dollar | Whiteland, IN | Retail | $13.1M | 5.184% | Mar 2032 | n/a | n/a | Current |
| Infinite Self Storage - Broad Ripple | Indianapolis, IN | Self storage | $13.0M | 6.46% | Oct 2035 | n/a | n/a | Current |
| Canterbury Apartments | Indianapolis, IN | Multifamily | $12.8M | 7.058% | Apr 2031 | n/a | n/a | Current |
| RISE Noblesville | Noblesville, IN | Self storage | $12.5M | 6.77% | Jun 2030 | n/a | n/a | Current |
| Holiday Inn Express - Indianapolis, IN | Indianapolis, IN | Hotel | $11.7M | 3.897% | Nov 2029 | n/a | n/a | Current |
| Meridian Tower | Indianapolis, IN | Office | $11.6M | 4.96% | Jan 2029 | 1.76x | 85% | Late, less than 30 days |
| Chatham Glen | Plainfield, IN | Multifamily | $11.4M | 5.05% | Jul 2028 | 1.56x | 96% | Current |
| Gables of Avon | Avon, IN | Retail | $10.6M | 5.15% | May 2028 | 1.86x | 100% | Current |
| Alpine Studios | Indianapolis, IN | Multifamily | $10.6M | 6.06% | Jul 2031 | n/a | n/a | Current |
| Shiloh Crossing | Avon, IN | Retail | $10.4M | 4.774% | May 2027 | 1.67x | 100% | Current |
| Centre at Smith Valley | Greenwood, IN | Retail | $10.4M | 6.366% | Mar 2031 | n/a | n/a | Current |
| Holiday Inn Express Indianapolis West Airport | Indianapolis, IN | Hotel | $9.9M | 7.75% | Sep 2029 | 1.45x | 70% | Current |
| West Carmel Marketplace | Carmel, IN | Retail | $9.8M | 4.66% | Jan 2028 | 1.77x | 100% | Current |
| Holiday Inn Indianapolis Airport Area - N | Indianapolis, IN | Hotel | $9.7M | 8.60% | Jun 2030 | n/a | n/a | Current |
| The Delaware | Indianapolis, IN | Multifamily | $9.2M | 3.85% | Mar 2031 | n/a | n/a | Current |
| Candlewood Suites Indianapolis Downtown Medical District | Indianapolis, IN | Hotel | $8.8M | 5.38% | Feb 2029 | n/a | n/a | Current |
| La Perla Apartments | Indianapolis, IN | Multifamily | $8.6M | 3.75% | Jul 2031 | n/a | n/a | Current |
| South Park Business Center | Greenwood, IN | Office | $8.5M | 6.07% | Aug 2032 | n/a | n/a | Current |
| Brookside Industrial | Indianapolis, IN | Industrial | $8.2M | 3.309% | Dec 2031 | 5.84x | 91% | Current |
| Southport Plaza | Indianapolis, IN | Retail | $8.0M | 7.14% | Dec 2029 | 1.59x | 100% | Current |
| Crossing Pointe Shoppes | Indianapolis, IN | Retail | $7.9M | 4.64% | Jul 2029 | 2.34x | 100% | Current |
| MyPlace Storage - Hawthorn Park | Indianapolis, IN | Self storage | $7.4M | 6.51% | Sep 2035 | n/a | n/a | Current |
| Stones Crossing | Greenwood, IN | Retail | $6.6M | 4.151% | Dec 2029 | n/a | n/a | Current |
| Courtyard Indy | Indianapolis, IN | Hotel | $6.4M | 5.21% | Mar 2028 | 1.58x | 72% | Current |
| Bluff Crossing Apartments | IL | Multifamily | $6.3M | 6.253% | Aug 2031 | n/a | n/a | Current |
| Noble Creek Shoppes | Noblesville, IN | Retail | $6.2M | 6.96% | May 2031 | n/a | n/a | Current |
| Infinite Self Storage - Greenfield I | Greenfield, IN | Self storage | $6.1M | 6.46% | Oct 2035 | n/a | n/a | Current |
| Bellagio Living II | Indianapolis, IN | Multifamily | $6.0M | 6.58% | Sep 2031 | n/a | n/a | Current |
| Mill Creek Self Storage | Noblesville, IN | Self storage | $5.9M | 5.38% | Feb 2027 | 1.65x | 85% | Current |
| Lincoln Business Park | Indianapolis, IN | Industrial | $5.6M | 4.55% | Apr 2028 | 2.85x | 97% | Current |
| 117 East Washington | Indianapolis, IN | Mixed use | $5.5M | 4.74% | Sep 2027 | 2.02x | 100% | Current |
| Infinite Self Storage - Metropolis Parkway | Plainfield, IN | Self storage | $5.5M | 6.46% | Oct 2035 | n/a | n/a | Current |
| Castle Creek I & II | Indianapolis, IN | Office | $5.4M | 6.97% | Jan 2031 | n/a | n/a | Current |
| Commercial Self Storage - Castleton | Indianapolis, IN | Self storage | $5.3M | 5.46% | Sep 2028 | n/a | n/a | Current |
| Cvs Retail Plaza | Indianapolis, IN | Retail | $5.3M | 4.36% | Aug 2027 | 3.50x | 100% | Current |
| Strawbridge Green Apartments | Indianapolis, IN | Multifamily | $4.9M | 4.26% | Aug 2027 | 2.07x | 93% | Current |
| Old Meridian Professional Center | Carmel, IN | Office | $4.9M | 3.90% | Jul 2030 | 2.47x | 100% | Current |
| Holiday Inn Express Shelbyville | Shelbyville, IN | Hotel | $4.8M | 4.99% | Aug 2029 | 2.27x | 70% | Current |
| Village Circle Apartments | Indianapolis, IN | Multifamily | $4.7M | 3.964% | Feb 2031 | 1.67x | 83% | Current |
| Courtyard Indianapolis South | Indianapolis, IN | Hotel | $4.7M | 4.71% | Sep 2029 | 2.99x | 62% | Current |
| College Park Plaza | Indianapolis, IN | Retail | $4.6M | 5.10% | Mar 2027 | 1.32x | 71% | Current |
| Cool Creek Village | Carmel, IN | Mixed use | $4.4M | 3.65% | Mar 2030 | 4.16x | 94% | Current |
| MyPlace Storage - W 10th Street | Indianapolis, IN | Self storage | $4.3M | 6.51% | Sep 2035 | n/a | n/a | Current |
| Plainfield Commons Ii | Plainfield, IN | Retail | $3.7M | 4.035% | Nov 2030 | 2.22x | 100% | Current |
| Infinite Self Storage - Hendricks County | Brownsburg, IN | Self storage | $3.4M | 6.46% | Oct 2035 | n/a | n/a | Current |
| The Wash Apartments | Indianapolis, IN | Multifamily | $3.4M | 4.05% | Nov 2031 | 1.45x | 92% | Current |
| Parq on 8th Apartments | Anderson, IN | Multifamily | $2.9M | 4.74% | Jun 2031 | 1.61x | 77% | Current |
| Speedway Marketplace | Indianapolis, IN | Retail | $2.8M | 4.72% | Sep 2027 | 1.84x | 100% | Current |
| Cvs Brownsburg | Brownsburg, IN | Retail | $2.7M | 4.27% | Dec 2029 | 1.31x | 100% | Current |
| Michigan Shoppes Road | Indianapolis, IN | Retail | $2.4M | 5.80% | May 2029 | 0.71x | 100% | Current |
| Don-Mar Mhc | Noblesville, IN | Manufactured housing | $2.1M | 5.227% | May 2032 | 2.94x | 100% | Current |
| Allied Wholesale | Indianapolis, IN | Industrial | $1.9M | 5.28% | Aug 2028 | 1.77x | 100% | Current |
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