New Horizons Housing Refinances Multifamily Properties In Columbus, OH With $6.5M Loan From Peapack Gladstone Bank

Peapack Gladstone Bank has provided a loan for the refinancing of a multifamily property located at 518 & 525 Town St. & 196-200 & 33 South Washington Ave. in Columbus, OH. The loan amount is $6,500,000 with a 7-year term and a fixed interest rate of 3.40%.

Summary of Transaction Details:

• Asset Type: Multifamily
• Lender: Peapack Gladstone Bank
• Landlord: New Horizons Housing
• Broker: Emil DePasquale - BlackBear Capital Partners
• Loan Type: Refinance
• Loan Amount: $6,500,000
• Loan Terms: 7-year term with a fixed interest rate of 3.40%

The loan was facilitated by broker Emil DePasquale from BlackBear Capital Partners, representing the parties involved in the transaction.