FINANCEDMultiFamily
Bancorp Provides $5.6 Million Acquisition Loan For Multifamily Property In Columbus, OH
4090 Cleveland Avenue
$5,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 17, 2026
AI
The asset involved in this transaction is a multifamily property located at 4090 Cleveland Avenue in Columbus, OH. The acquisition loan secured for this property amounted to $5,600,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,600,000
- Lender: Bancorp
- Broker: Ezra Sutton - Meridian Capital Group
- Loan Type: Acquisition
- Date of Transaction: 3/17/2026
Ezra Sutton, representing Meridian Capital Group, facilitated the financing of this transaction, working with Bancorp as the lender to secure the acquisition loan.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93