Sheridan Capital Provides $15.7M Acquisition Loan For Multifamily Property In Columbus, GA

The multifamily property located at 3700 Buena Vista Rd in Columbus, GA has been sold in a closed transaction. The property spans an area of approximately 250,000 square feet and consists of 257 units. The transaction took place on 11/03/2021 and the property was acquired for a total price of $18,400,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,400,000
• Address: 3700 Buena Vista Rd
• Market: Columbus, GA
• Square Footage: 250,000
• Number of Units: 257

The acquisition of the property was financed through a loan provided by Sheridan Capital, with Aaron Kurlansky representing the lender. The loan, totaling $15,700,000, was obtained as a 2-year bridge loan.

Westwood Realty Associates played a role in the sale and financing process, with Steven Vegh and Phil Goldstein from Westwood Realty Associates acting as brokers. Westwood Realty provided 80% bridge financing for the transaction, and the deal was successfully closed within 30 days.