facebook
Traded Co logo
Submit
Daily limit: 0/10

Pepper Pike Capital Secures $29.5M Loan From Dwight Mortgage Trust For Colonial Village Acquisition

Property Image
FINANCED
$29,500,000

Ohio

See Similar Deals
MultiFamily
Financed 06/04/2025
the dealplayerscompscontact
Property Image
FINANCED

Pepper Pike Capital Secures $29.5M Loan From Dwight Mortgage Trust For Colonial Village Acquisition

1256 Rand Avenue

See Similar Deals
MultiFamily
Financed 06/04/2025
the dealplayerscompscontact
Contact now

Summary

OHIO
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in the transaction is the Colonial Village complex, a multifamily property located at 1256 Rand Avenue in Columbus, OH, encompassing 508 units and situated on 25 acres of land. The acquisition financing secured by Pepper Pike Capital amounts to $29,500,000, aimed at both acquiring and renovating the property.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $29,500,000
  • Address: 1256 Rand Avenue
  • Market: Columbus, OH
  • Units: 508
  • Acres: 25
  • Lender: David Scheer - Dwight Mortgage Trust
  • Landlord: Pepper Pike Capital
  • Loan Type: Acquisition

David Scheer from Dwight Mortgage Trust provided the bridge financing, which will facilitate full interior and exterior upgrades. This acquisition comes two years after the property was criticized for substandard tenant conditions.

Players

DT
Dwight Mortgage Trust
LENDER

Details

FINANCED
IMAGE: 06/04/2025 ADDRESS: 1256 Rand Avenue MARKET: Columbus, OH ASSET TYPE: Multifamily ~ UNITS: 508 ~ ACRES: 25 LENDER: David Scheer - Dwight Mortgage Trust LANDLORD: Pepper Pike Capital LOAN AMOUNT: $29,500,000 LOAN TYPE: Acquisition NOTE: Pepper Pike Capital secured $29.5M in bridge financing from Dwight Mortgage Trust to acquire and renovate the 508-unit Colonial Village complex in Columbus, OH.The $15.1M purchase includes plans for full interior and exterior upgrades, two years after the property faced scrutiny for substandard tenant conditions.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$29,500,000.00

Monthly NOI$196,666.67
Monthly Debt Service$186,460.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00