Updated Sep 8, 2026
FINANCEDMultiFamily
Greystone Secures $43,295,000 Acquisition Loan For 219-Unit Multifamily Property In Columbus OH
$43,295,000
Units
219
Asset Type
MultiFamily
Closing
Aug 19, 2026
About this deal
AI
The asset involved in the transaction is a multifamily property located in Columbus, OH, comprising 219 units. The acquisition loan was secured for a total amount of $43,295,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $43,295,000
- Lender: Freddie Mac - Greystone
- Originators: Richard Kourbage, Garvin Lee & Gillian McIlroy - Greystone
- Market: Columbus, OH
- Asset Units: 219
The transaction was facilitated by the team from Greystone, comprised of Richard Kourbage, Garvin Lee, and Gillian McIlroy, who served as originators for the loan acquisition process.
Players
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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93