43
Columbus, Ohio — Grandbridge Real Estate Capital has secured a $43.5 million first mortgage loan for Highline at Nine Apartments, a 188,757-square-foot mixed-use development located near Ohio State University.
The property offers one-, two-, three- and four-bedroom units alongside first-floor retail space occupied by Chumley’s, Popeyes and Great Clips. Community amenities include a swimming pool, fitness center, TV lounge, clubhouse, sundeck and a business center. Ted Schmidt of Grandbridge secured the financing — which features a 20-year term and 30-year amortization schedule with an initial period of interest only — on behalf of the undisclosed borrower through a life insurance company.