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Pizzuti Obtains Refi on Columbus Apartments
PCCP, LLC has provided a $31-million bridge loan to The Pizzuti Companies for the refinance of The Residences at the Sutton, a Class A, 100-unit boutique multifamily asset in Columbus, OH’s Short North Arts District.
“The Residences at the Sutton is a well-located, boutique property that is positioned to capitalize on the strong rent growth and market fundamentals in Columbus,” said Tina Ramos, SVP with PCCP. “Pizzuti has a track record of success in their hometown market and PCCP is thrilled to be the lender to such an experienced developer that has been an impactful force in Short North’s transformation.”
The property’s unit mix includes studio, one- and two-bedroom units that feature stainless-steel appliances, quartz countertops, WiFi-enabled thermostats, a washer and dryer, and balconies in select units. It’s located two miles north of downtown Columbus, providing residents with convenient access to Columbus’ largest employers.
- ◦Financing


