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OhioCRE

Columbus’ Red Mortgage Capital provides more than $43 million worth of FHA financing for multi-family properties in three states

Staff Writer April 5, 2017
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Columbus, Ohio-based Red Mortgage Capital, LLC, recently processed and funded more than $43 million of non-recourse FHA financing for properties in three states.

GNMA/FHA Section 223(f) financing recently was secured in the amount of $24.4 million for La Serena at the Heights, a 360-unit multi-family community located in Henderson, Nevada. GNMA/FHA Section 223(a)(7) existing insured refinances also were completed in the amounts of $12.6 million for 158-unit 901 Place Apartments in Charlotte, NC; and $3.4 million for the 144-unit Hideaway Apartments and $2.5 million for the 78-unit Hideaway Townhomes, both in Westerville, Ohio.

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