Updated Mar 29, 2026
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
About this deal
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.
On the Map
$5,600,000
MultiFamily
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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