Paul Kiebler Of Pepper Pike Capital Secures $29.46M Loan For Multifamily At 1256 Rand Avenue
1256 Rand Avenue
$29,460,000
Building Size
—
Asset Type
MultiFamily
Closing
May 11, 2025
AI
The property involved in this transaction is a multifamily asset located at 1256 Rand Avenue in the Columbus, OH market. The loan amount secured for this acquisition and substantial rehabilitation is $29,460,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,460,000
- Lender: David Scheer, Rachel Jones & Liam Higgins - Dwight Mortgage Trust
- Landlord: Paul Kiebler - Pepper Pike Capital
- Loan Type: Acquisition and Substantial Rehabilitation
The key individuals involved in this transaction include David Scheer, Rachel Jones, and Liam Higgins representing the lender, while Paul Kiebler represents the landlord. This collaboration highlights the engagement of prominent parties in the financing and management of the multifamily property.
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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93