Newmark Arranges $22M Acquisition Loan For 250-Unit Multifamily Property In Columbus, OH

A multifamily property in Columbus, OH has recently undergone a significant transaction. The property spans over 305,000 square feet and consists of 250 units. The deal, an acquisition, was facilitated with a loan from Fannie Mae.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $22,000,000
• Loan Type: Acquisition
• Loan Terms: 7-year Fixed Rate | 80% Loan-to-Value (LTV) | 5 Years Interest Only (IO) | 155 Spread | Fannie Mae Execution

The loan representatives involved in this transaction include Ricky Warner, William Weber, Henry Stimler, and Nick Webb from Newmark. The sales representative on behalf of the property is George Skaff, also from Newmark.