NCM FUNDING ARRANGES $10.13 MILLION MULTIFAMILY LOAN

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BLACKLICK, OHIO – Albany, N.Y.-based NCM Funding has arranged approximately $10.13 million in permanent financing for a 240-unit apartment complex located in the Columbus suburb of Blacklick. The property is a high-occupancy, stabilized complex with strong management. The non-recourse loan was based on a 10-year term with a 5.96 percent fixed interest rate, a 75 percent loan-to-value and a 30-year amortization schedule. Brian Sheldrick of NCM Funding originated the funding on behalf of the undisclosed Borrower.

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