Zach Shope of the Colliers Mortgage Atlanta office closed a $10.8 million Fannie Mae loan for a repeat client for the acquisition financing of The View on Grant in Columbus, Ohio.
The 86-unit market-rate multifamily property is in the Discovery District and is walking distance to some of the city’s largest employers, as well as several educational institutions, cultural- and arts-based attractions, and dining and entertainment options.
The property is an adaptive reuse of a former 5-story steel pressing factory featuring a modern industrial architecture style. Included in the property are a public café and a 43-space automatic stacked parking garage.
The 10-year term loan was arranged for borrower, VOG Owner LLC.
