Industrial Property Loans in Indiana

Regional Midwest industrial — recent closings (May 2026): mostly low-to-mid 6s (roughly 6.1%–6.7%) fixed for permanent financing, priced over the 5-year Treasury (floating over SOFR available). Indiana-specific volume in our data is limited, so this reflects the broader Midwest. $5M–$30M · 15–30 day typical close.

The figures above reflect actual, recently closed Midwest commercial real estate transactions and are accurate as reported as of May 2026. Because state-specific volume in our data is limited, this is a regional reference, not a state-only or property-specific figure — and not an indication or offer of the rate or terms you will receive; your terms depend on the property, sponsor, market, and lender underwriting and will vary. Northern Ridge Capital arranges commercial real estate financing only (no residential) and is a licensed mortgage broker (CA DRE #02093377), not a lender. See full disclosures.

Industrial is the asset class lenders most want to be in — which is good news and a trap. Good, because financing is available; a trap, because owners assume "it’ll be easy," go to one lender, and leave better terms on the table. Northern Ridge Capital places $5M–$30M industrial debt across Indiana — warehouse, distribution, flex, last-mile, IOS — by making eager lenders compete instead of taking the first quote. We’re a broker, not a lender.

Why a competitive process still pays on industrial

Even in a lender-favored asset, pricing and leverage vary more than owners expect. Banks, life companies, CMBS, and debt funds all want Midwest industrial, but they pay up for different things — a credit tenant, a long lease, an interstate-logistics location, clear-height and truck-court specs. We position your property for the lenders most likely to win it from a network of 700+, and run them against each other on rate, leverage, recourse, and term.

Typical Indiana industrial terms

Structure shown is typical, not a quote or commitment; actual terms are set by third-party lenders subject to underwriting. See disclosures.

When it fits

Acquisition

Buying an Indiana industrial property? Lining up the right debt early, and closing on time, is how you win a competitive deal. We make sure financing isn’t the weak link.

Refinance / maturing loan

Loan maturing into a higher-rate market? Industrial still draws strong lender interest — a real competitive process often beats your current lender’s renewal quote.

Permanent / stabilized

Holding a stabilized, leased warehouse or distribution asset? Life-company and CMBS options can lock competitive long-term fixed rates, especially with a credit tenant and term remaining.

Value-add, lease-up, or IOS

Re-tenanting, repositioning, or financing industrial outdoor storage? A bridge or specialty lender who underwrites the business plan, then a permanent takeout once it stabilizes.

The Indiana market right now

Indiana’s industrial story is logistics geography: Indianapolis is one of the country’s major distribution crossroads, with interstate access that pulls in warehouse and last-mile demand, plus a steady manufacturing base. Pricing tracks the broader Midwest, where quality, well-located industrial still draws competing lenders. The spread between the best and the average term sheet stays wide — the owners who capture it run a real process instead of taking the first eager quote. That’s what we do for you.

How we place Indiana industrial debt

We’re a debt brokerage with $600M+ in deal experience across underwriting and brokerage. We underwrite your property the way lenders will — tenancy, lease term, clear height, location, truck access — take it to the ones actively competing for Midwest industrial from a network of 700+, and run it to close, typically 15–30 days. You get options and leverage, not a single take-it-or-leave-it term sheet.

Indiana industrial loans — FAQ

What rate can I get on an Indiana industrial loan?

In our closing data, recent loans here have run mostly low-to-mid 6s (roughly 6.1%–6.7%) fixed for permanent financing, priced over the 5-year Treasury (floating over SOFR available). Indiana-specific volume in our data is limited, so this reflects the broader Midwest (May 2026). These are actual closed transactions, not an offer — your rate depends on the asset, leverage, and sponsor. Contact us for a live quote.

How fast can it close?

15–30 days is typical on a clean, lender-ready file, which on acquisitions can be the difference between winning and losing the deal.

How much can I borrow?

Northern Ridge Capital places industrial debt from $5 million to $30 million, commonly up to ~60–70% LTV, deal-dependent.

Do you finance flex, last-mile, and industrial outdoor storage (IOS)?

Yes. Warehouse, distribution, flex, last-mile, manufacturing, and IOS each have their own lender pool. We match your property type to the lenders who actively want it.

Can I get non-recourse on industrial?

Often, on stabilized, well-leased assets — particularly through CMBS and life-company lenders. Recourse terms are one of the levers we negotiate across competing quotes.

Is Northern Ridge Capital a lender?

No. We’re a commercial mortgage broker (CA DRE #02093377). We place your deal with the right lender from a network of 700+ and make them compete. Commercial real estate only.

Do you only work in Indiana?

We place debt nationwide within our licensed footprint, with deep focus in California, Texas, Florida, Georgia, and Indiana.

About

Justin Ashcraft is the principal of Northern Ridge Capital, a commercial real estate debt brokerage placing $5M–$30M in multifamily, retail, industrial, and SBA financing nationwide within its licensed footprint, with $600M+ in deal experience across underwriting and brokerage. Licensed in California, DRE #02093377.

Northern Ridge Capital is a licensed commercial mortgage broker (CA DRE #02093377), not a lender, and arranges financing on commercial real estate only (no residential). Rates and figures reflect actual closed transactions as of the date noted, cite a regional band where state-level volume is limited, and are not an indication or offer of terms. For informational purposes only; not financial, legal, or tax advice. Full disclosures.