Hunt Mortgage Group has provided a $40 million Freddie Mac loan to finance a Class A mixed-use property located in downtown Columbus, Ohio.
Highpoint on Columbus Commons was built in 2014 by Carter Real Estate. The property has two six-story buildings that contain 301 apartment units and 23,302 square feet of retail space.
The borrower is backed by Robert J. Weiler, Sr. and Donald W. Kelley. It was financed with a 10-year, fixed rate loan secured by a first lien that refinanced their construction loan.
Columbus Commons is a 7-acre public green space that hosts a full calendar of cultural events and other outdoor gatherings. The Commons contains the Columbus Bicentennial Pavilion, carousel, café, bocce courts, outdoor reading room and twelve gardens.
The property amenities of Highpoint on Columbus Commons include underground parking, 24-hour controlled access, a pool and outdoor barbeque area overlooking the Commons, Wi-Fi in common areas, and a 24-hour fitness facility.
