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1256 Rand Avenue

Paul Kiebler Of Pepper Pike Capital Secures $29.46M Loan For Multifamily At 1256 Rand Avenue
FINANCEDMultiFamily

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

Rachel Jones

Lender

$77M

vol

2 deals

Lender
DT
Dwight Mortgage TrustLender

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