FINANCED
Newmark Arranges $22M Acquisition Loan For 250-Unit Multifamily Property In Columbus, OH
Newmark brokers loan for $22,000,000 in Columbus
MultiFamily
305,000 SF
305,000 SF
Financed 225 days ago
Summary
Loan
OHIO
MultiFamily
305,000 sqft
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.
Players
Details
FINANCED
IMAGE: Ricky Warner, Henry Stimler, George Skaff, William Weber & Nick Webb
DATE: 10/11/2023
MARKET: Columbus, OH
ASSET TYPE: Multifamily ~ SF: 305,000 ~ UNITS: 250
LENDER: Fannie Mae (@OfficialFannieMae)
LOAN REPRESENTATIVE: Ricky Warner (@RickyWarner1), William Weber, Henry Stimler (@HenryStimler) & Nick Webb - Newmark (@Newmark)
SALES REPRESENTATIVE: George Skaff (@GSkaff02) - Newmark (@Newmark)
LOAN AMOUNT: $22,000,000
LOAN TYPE: Acquisition
LOAN TERMS: 7-yr Fixed Rate | 80% LTV | 5 Years IO | 155 Spread | Fannie Mae ExecutionView on map
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