Arbor Provides $75.9M Bridge Financing For Multifamily Acquisition In Columbus Georgia MSA

The multifamily property located at 100 Sydney St. in Columbus Georgia MSA has been involved in a recent transaction. The property spans a total square footage of 660,018 and consists of 618 units. The transaction took place on 12/15/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $75,975,000
• Address: 100 Sydney St.
• Market: Columbus Georgia MSA
• Square Footage: 660,018
• Units: 618

The loan for this transaction was provided by Arbor. The loan amount was $75,975,000. It was an acquisition loan with bridge financing and 85% loan-to-cost ratio. The loan terms included a 3+1+1 term and an interest rate of LIBOR + 3.75%.

Ari Zilber is the landlord of the property. The brokers involved in the deal were Nina Russo and Jonathan Zilber from Meridian Capital.