Brown Multifamily Advisors

According to Jay Shaw, owner of the Columbus, Ohio mortgage banking firm Inland Financial, such smaller lenders fill a very important niche in multifamily lending.  “There are many sponsors who seek flexible, fixed-rate loans in the Columbus market”, says Shaw.   “Most often, this is for acquisition and rehabilitation or new construction deals, where the sponsor seeks higher leverage, a period of interest-only payments during the build-out phase and flexible prepayment terms upon sale.   In the current low interest rate environment, we are seeing considerable demand for such loans.   And in situations where the sponsor intends to sell the asset upon stabilization, regional and community bank lenders offer product types that are a perfect fit.”  Contact Brown Multifamily Advisors to learn more about financing multifamily real estate through some of our trusted partners.

Forest Creek is located in the Hilltop neighborhood of western Columbus.   The Forest Creek Apartments   offers seven different floor plans of mostly 2-bedroom units as well as studios, 1- and 3-bedroom layouts in both flats and townhomes.   Its 16 two-story buildings are positioned around a scenic stream that runs through the property and are adjacent to the City of Columbus’s Hilltonia Park.   It is in the Columbus city school district. Property Type: Multifamily Unit Total Units: 146 Total Square Footage: 130,358 Buildings: 16 Unit Mix: 16 - 1 BD/1 BA; 33 - 2 BD/1.5 BA; 67 - 2 BD/2 BA, 14 - 3 BD/1.5 BA, 7 - 3 BD/3 BA, 1 - 3 BD/2 BA, 8 - Studios Call 614-519-8689 or contact Brown Multifamily Advisors .