Hunt Mortgage Group Refinances a Student Housing Property Near Ohio State

Inn Town Homes is located in the University/Downtown submarket of Columbus, Ohio, and is 0.6 miles from Ohio State, 1.1 miles from Wexner Medical Center and 1.5 miles from Ohio Stadium. Inn Town Homes is located in the University/Downtown submarket of Columbus, Ohio, and is 0.6 miles from Ohio State, 1.1 miles from Wexner Medical Center and 1.5 miles from Ohio Stadium.

Columbus, Ohio — Hunt Mortgage Group has provided a $4.35 million Fannie Mae loan facility to refinance Inn Town Homes, a student housing property located in Columbus near Ohio State University.

The property is a garden-style multifamily property that contains 28 units housed in four, two- and four-story buildings. The units feature standard kitchen appliances and washers and dryers, and the property offers a combined 46 open parking spaces.

The borrower is 151 LLC, an Ohio company. The transaction is structured with a 12-year term with an 11.5-year yield maintenance period and 30-year amortization. Andy Burgess of Infinite Capital brokered the deal.

The buildings were developed in 1980, 1987-1989 with 36,856 square feet of rentable space. The property consistently is 100 percent leased each school year.

Inn Town Homes is located in the University/Downtown submarket, and is 0.6 miles from Ohio State, 1.1 miles from Wexner Medical Center and 1.5 miles from Ohio Stadium.

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