Berkadia Secures Financing for Multifamily Property in Ohio

COLUMBUS, Ohio – August 25, 2022 – Berkadia announced today the financing secured for The Thomas, a 216-unit garden-style multifamily property located in Columbus, Ohio. Senior Managing Director Matthew Napoleon and Managing Director Scott Wilkie of Berkadia Columbus mortgage banking secured permanent refinancing on behalf of the borrower, Ohio-based Wilcox Communities. The deal closed on July 22.

The 12-year term loan was financed through MetLife Real Estate Investments.

“Berkadia is excited that we were able to early rate lock in a rising interest rate environment prior to stabilization, providing this client with long term financing solution through one of our correspondent life company lenders,” said Napoleon.

The Thomas is a brand-new luxury apartment home community in Worthington, Ohio. It is perfectly situated less than 10 minutes from Polaris Fashion Place, near High Banks Metro Park, and less than 20 minutes from Downtown Columbus.

The spacious one and two-bedroom apartment homes for rent feature wood-style plank floors, white quartz countertops, stainless steel appliances, soft close grey-stained shaker cabinets, subway tile backsplash and other luxurious touches throughout each living space.