Paul Kiebler Of Pepper Pike Capital Secures $29.46M Loan For Multifamily At 1256 Rand Avenue
FINANCED
$29,460,000
MultiFamily
Financed 05/11/2025
FINANCED
Paul Kiebler Of Pepper Pike Capital Secures $29.46M Loan For Multifamily At 1256 Rand Avenue
1256 Rand Avenue
See Similar DealsMultiFamily
Financed 05/11/2025
Summary
OHIO
Asset Type:MultiFamily
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,460,000.00
Monthly NOI$196,400.00
Monthly Debt Service$186,207.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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