Millennium and Bloom Apartments Portfolio
A multifamily property in Bloomington, Indiana. Securitized in 1 CMBS deal in 2025.
$67.5MAppraised value (latest deal)
97.9%Occupancy
$4.5MUnderwritten NOI
6.6%Implied cap rate
- Address
- 100-1200 and 1300-1500 South Rolling Ridge Way, 1220 and 1230 South Ro, Bloomington, IN
- Property type
- Multifamily · Garden
- Year built
- 1998, 2003
- Size
- 716 Units
- Sponsor
- Eric Rothner, Samuel P. Okner and Steven Miretzky
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2025-BNK49 | 2025-03-17 | $67.5M | 97.9% | $4.5M | 6.6% | $44.0M | 65.2% | 1.43x | 424B |
Historical NOI reported in BANK 2025-BNK49
| Period ending | NOI |
|---|---|
| 12/31/2024 | $4.5M |
| 12/31/2023 | $4.6M |
| 12/31/2022 | $4.6M |
More CMBS properties in Indiana →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.