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4090 Cleveland Avenue

Bancorp Provides $5.6 Million Acquisition Loan For Multifamily Property In Columbus, OH
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

Ezra Sutton

Meridian Capital Group

Broker

$570.5M

vol

28 deals

Broker
B
BancorpLender

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