Updated Oct 28, 2024
KeyBank Community Development Lending And Investment Provides $74.3M Construction Loan For Darby Crossing Multifamily
Columbus, Ohio, United States
$74,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
Darby Crossing, a multifamily property located in Columbus, Ohio, recently secured a construction loan. The loan was provided by keybank-''>KeyBank Community Development Lending and Investment, represented by David Lacki and Greg Deeks. The loan amount is $74,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $74,300,000
- Lender: KeyBank Community Development Lending and Investment - David Lacki & Greg Deeks
- Landlord: Kittle Property Group
David Lacki and Greg Deeks from KeyBank Community Development Lending and Investment played a crucial role in securing the construction loan for Darby Crossing. The landlord for this multifamily property is the Kittle Property Group.
Players
Columbus MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93