Updated Mar 11, 2025
Colliers Mortgage Provides $10.8M Fannie Mae Loan For Columbus Multifamily Acquisition
350 Mount Vernon Avenue
$10,800,000
Units
86
Asset Type
MultiFamily
Closing
Sep 15, 2023
About this deal
AI
The View on Grant, an 86-unit apartment complex located at 350 Mount Vernon Avenue in Columbus, Ohio, has been purchased with the help of a $10.8 million Fannie Mae loan provided by Colliers Mortgage. The property is classified as a multifamily asset and features a variety of unit types.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,800,000
- Units: 86
- Lender: Colliers Mortgage - Zach Shope
- Loan Type: Acquisition
- Loan Terms: 10-year loan
Zach Shope, a representative from Colliers Mortgage, played a crucial role in securing the $10.8 million Fannie Mae loan for the acquisition of The View on Grant. The loan will provide the necessary financing to facilitate the purchase of the 86-unit apartment complex in Columbus, Ohio.
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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93