Tusk Equities Acquires Columbus, GA Multifamily Property For $11.8M With Loan From [Lender]

A multifamily property located at 3909 Baker Plaza & 4225 Alpine Dr in Columbus, GA has been involved in a recent closed transaction. The property spans 180,000 square feet and consists of 220 units. Tusk Equities, represented by Moshe Horn, is the landlord of this multifamily asset.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,770,000
• Loan Type: Acquisition
• Loan Terms: 4Y Interest Only, 3.85%, 85% LTV

The loan for the acquisition of this property amounted to $11,770,000. It carries a 4-year interest-only term with an interest rate of 3.85%. The loan-to-value (LTV) ratio is 85%. Steven Vegh and Phil Goldstein, from Westwood Realty Associates, served as the brokers in this transaction.