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350 Mount Vernon Avenue

Updated Mar 11, 2025

Colliers Mortgage Provides $10.8M Fannie Mae Loan For Columbus Multifamily Acquisition
FINANCEDMultiFamily

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

Colliers Mortgage
Colliers MortgageLender

Columbus MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $125.6K per unit across 86 units on a published $10.8M (2023).

Browse Columbus multifamily loans on Traded.

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

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