Mark Fogel Of ACRES Capital Provides $72.5M Refinance Loan For Columbus Multifamily Complex
1206 North 4th Street
$72,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 20, 2025
AI
The property asset involved is a multifamily complex located at 1206 North 4th Street in Columbus, OH. This asset encompasses a total of 311 units classified as Class A, along with 5,492 square feet of retail space and a 557-space garage. The complex features amenities such as a rooftop, pool, fitness center, and clubhouse.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $72,500,000
- Lender: Mark Fogel - ACRES Capital
- Loan Type: Refinance
- Location: Columbus, OH
- Asset Size: 311 units
- Retail Space: 5,492 SF
- Garage Spaces: 557
Mark Fogel of ACRES Capital is the lender that provided the bridge loan for the refinancing of the property known as 4th & 5th Apartments, situated near the Short North Arts District.
Players
Columbus MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93