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Hunt Provides Refi for Ohio Apartment Veterans
Hunt Real Estate Capital provided a $6.4-million Freddie Mac Small Balance Loan to refinance a multifamily property located in Columbus, OH. The property, Timber Trail Townhomes, is comprised of 12 two-story, garden-style buildings offering a total of 103 residential units. It was built in 1973.
The borrower is Timber Trail SIG LLC, an Ohio LLC. The financing is a 10-year fixed-rate loan with a 30-year amortization schedule. Jim Vance of BlueMark Capital was the mortgage banker for this transaction.
“The borrowers are seasoned real estate investors with more than 30 years of combined commercial real estate lending experience,” noted Daniel A. Eibler, managing director at Hunt Real Estate Capital.
He added, “They are also very knowledgeable about the local market, with vast experience in developing and managing real estate in the Ohio market and surrounding area. Today, they manage a portfolio valued at over $46.7 million.”
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