Oak Grove Capital, a leading national provider of real estate financial services, originated a $29 million fixed-rate Fannie Mae loan to refinance 600 Goodale Apartments, a 174-unit apartment complex in Columbus, Ohio.
“Ken Bowen and the Oak Grove Capital team really delivered, securing attractive long-term financing that met all of the criteria we discussed at the beginning of the process,” said Brett Kaufman, CEO of Kaufman Development said. Frank Sasso, CFO of Kaufman Development added, “Ken’s long-standing relationships with Fannie Mae were evident as we negotiated the finer deal points, and we look forward to working with Oak Grove Capital on future transactions.”
“Working with Brett and Frank has been an honor, as they had plenty of lenders to choose from given the success of 600 Goodale and other recent developments,” said Ken Bowen, senior vice president of Oak Grove Capital and the loan officer on the deal. “This project really represents the next generation of apartment communities. That, and the combination of Brett’s passion and his holistic approach to resident needs both now and in the future, creates a product that Oak Grove and Fannie Mae can truly support.”
Constructed in 2013, Goodale is a smoke-free, controlled access, 5-story mid-rise property. It offers unique, best-in-class amenities including a second-floor courtyard and terrace with a pool, hot tub, poolside cabanas, and outdoor seating. There is also a secure, covered parking garage and covered bicycle parking.
Goodale Apartments is nestled between the Arena District, Grandview, Upper Arlington and Downtown, allowing its residents easy access to the city.