Ziegler Secures $59.9M Refinance Loan For Ohio Living Senior Housing

The New York-based investment bank Ziegler has facilitated a significant loan transaction in Columbus, Ohio. The property at 717 Neil Avenue served as the backdrop for this deal, involving a senior housing asset. The loan, valued at $59,900,000, has been secured for the purpose of refinancing. The terms of the loan include a fixed-rate and a three-year interest-only period, with annual principal amortization.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $59,900,000
• Loan Type: Refinance
• Loan Terms: Fixed-rate, three-year interest-only period with annual principal amortization
• Address: 717 Neil Avenue, Columbus, Ohio
• Broker: Ziegler

This loan transaction was organized by Ziegler, a reputable broker in the field. The loan will not only refinance existing debt but also terminate an interest rate swap and cover various expenses. It is worth noting that fixed-rate bonds were selected due to market turbulence in 2023. Ziegler's involvement highlights their expertise in facilitating large loan transactions and their commitment to helping clients navigate challenging market conditions.