Harbor Group International Secures $108.57M Loan On Columbus Multifamily Property

The multifamily property in Columbus, OH, comprising 840 units and 650,000 square feet, was involved in an acquisition loan transaction. The loan amount secured from Freddie Macamounted to $108,569,000 under their Lease Up Program. The financing featured a 6-year term with a 105 spread, resulting in a 5.51% all-in rate for the full term interest-only payment structure.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $108,569,000
• Lender: Freddie Mac
• Landlord: Harbor Group International
• Brokers: Matthew Mense, Ari Schwartzbard, William Weber, George Skaff, Henry Stimler, Ricky Warner & Daniel Sarsfield - Newmark

The individuals involved in this real estate transaction included Matthew Mense, Ari Schwartzbard, William Weber, George Skaff, Henry Stimler, Ricky Warner, and Daniel Sarsfield, who represented Newmark in the deal.