Grandbridge Real Estate Capital closed a $17 million first mortgage loan secured by the Smith Bros’ Hardware Building in Columbus, Ohio. The 190,949-square-foot historic building is home to both offices and event spaces.
The refinance was originated by Columbus-based senior vice president Craig Kegg. Funding for the fixed-rate loan was provided through Goldman Sachs & Co. Mary Zofko in Grandbridge’s Columbus office assisted in the transaction.
“We went from application to funding in 28 days,” said Kegg, in a statement. “Having a great execution by our capital partner made the difference.”
The historic building and its iconic rooftop water tower have been a distinct feature on the Columbus skyline since it was constructed in 1929 as home for the Smith Bros’ Hardware Company.