4th & 5th Apartments

Columbus, OH

Multifamily - Bridge

4th & 5th Apartments

MULTIFAMILY - BRIDGE

ACRES Capital Corp. has funded a $72.5 million loan for the refinancing of 4th & 5th Apartments, a Class-A, 311-unit, multifamily property located in Columbus, OH.

The Property consists of

• 311 units, a 557-space parking garage
• Two retail suites totaling 5,492 SF
• Clubhouse, a courtyard, elevators, exterior lighting, a fitness center
• Rooftop area and a swimming pool.

The Property is located on the southern edge of Columbus’ Weinland Park neighborhood, which is directly east of the Short North Arts District – Columbus’ premier entertainment district.

$72.5 Million

Loan Amount

Bridge Loan

Loan Product

“We are proud to support the Sponsor and the continued revitalization of the Weinland Park neighborhood with this Class A development. The 4th & 5th Apartments exemplify the kind of thoughtfully designed, high-quality projects we seek to finance—those that contribute lasting value to their communities.”

- Mark Fogel

ACRES Chief Executive Officer and President

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.