Sep 30, 2024
Deal Closed! $12.1 Million Towards the Refinance of a Multifamily Property in Dublin, OH
Stabilis is pleased to announce the closing of a $12,100,000 senior-secured bridge loan for the acquisition of a multifamily property in Dublin, OH.
Stabilis funded a Borrower facing a tight closing timeline and several legal complexities. The property has strong in-place cash flow and is in a submarket with low vacancy rates. The property is in a prime location in the award-winning Dublin City School District and close to Downtown Coumbus.
Contact: Juan Robayo, 212-256-8968, juanrobayo@stabiliscap.com
$2M - $75M
Loan Amount
SOFR + 5.49%
Starting Rate
12-24 Months
Duration
1st Position
Senior Secured
Loan Buyer
Performing/Sub-performing