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Matt Earl Of Reynolds Asset Management Acquires Multifamily Property In Columbus For $26.2M
FINANCEDMultiFamily

Matt Earl Of Reynolds Asset Management Acquires Multifamily Property In Columbus For $26.2M

$26,195,000

$80/SF

Building Size

325,000 SF

Asset Type

MultiFamily

Closing

Feb 14, 2025

AI

The property asset involved in the transaction is a multifamily asset located at 4653 Refugee Road, Columbus, OH. This asset encompasses a total square footage of 325,000 and consists of 432 units. A loan amount of $26,195,000 was secured for acquisition purposes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $26,195,000
  • Address: 4653 Refugee Road
  • Market: Columbus, OH
  • Lender: Bancorp
  • Landlord: Reynolds Asset Management (RAM)
  • Buyer: Matt Earl - Reynolds Asset Management
  • Sales Brokers: George Skaff, Carter Stephens & Julie Mickley - Newmark
  • Brokers: Ricky Warner & Henry Stimler - Newmark

The transaction highlights key players including Matt Earl as the buyer, representing Reynolds Asset Management. Ricky Warner and Henry Stimler acted as brokers in this deal through Newmark, alongside sales brokers George Skaff, Carter Stephens, and Julie Mickley, who also operated under the same agency.

Players

William Weber

Newmark

Broker

$9.6B

vol

49 deals

Broker
RM
Reynolds Asset ManagementBuyer
B
BancorpLender
RM
Reynolds Asset ManagementLandlord

Market 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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93