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Current Deals
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Columbus: Capstone closed a $31,500,000 refinancing of an existing PPM loan for Crowne Plaza Hotel in Columbus, Ohio. The floating rate deal consisted of an initial funding of $24,000,000 with a $7,500,000 "renovation holdback" that can be drawn upon as renovation work is completed.
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Cleveland: Capstone closed Hunter's Manor Apartments with Allstate Life Insurance Company. This Georgian designed apartment complex in Middleburg Heights, Ohio has a total of 192 units. The $9,825,000 loan has a 10-year term and 30-year amortization.
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Cleveland: Capstone closed a $2,100,000 loan for approximately 13.50 acres in Toledo, Ohio improved with a Home Depot. The loan proceeds were funded by Thrivent Financial with a 15-year term and 25-year amortization.
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Cleveland: Capstone closed a $3,000,000 loan for Beta Business Mall, a 58,003 square foot office/warehouse property in Mayfield Village, Ohio. Sun Life Assurance Company of Canada funded the loan with a 5-year term and 22-year amortization.
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Cleveland: Capstone closed Solon Business Park with Genworth Financial. This $5,800,000 loan has a 10-year term and 25-year amortization. This property is a 157,730 square foot office/warehouse building located in Solon, OH.
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Cleveland: Capstone closed Center Valley Business Park which is a three-building office/warehouse project totaling 109,408 square feet located within Sweet Valley Business Park in Valley View, Ohio. This deal was done with Allstate for $7 million with a 10-year term and 25-year amortization.
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Louisville: Greg Solomos closed a $4.3 Million loan for Prescotech Industries, involving three industrial buildings located in Louisville, Evansville, IN and Murfreesboro, TN. Sun Life provided the loan at 6.24% with an eight year term and 18 year amortization. National City Bank provided the interim financing and Capstone placed the permanent loan.
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Lexington: Mark DeLauter closed on a $23,000,000 loan to fund The Paddock at Eastpoint Apartments (Phase I), consisting of 298 units with a 90% occupancy. The multifamily property is located in a Northeast suburb of Louisville, Kentucky. The 20-year fully amortizing loan was funded by Nationwide Life Insurance Company.
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Lexington: Mark Delauter closed on a $4.3 million loan on a 65,000 square foot retail shopping center, called Colby Station, located in Winchester, Kentucky. The property was recently re-developed and expanded by a local owner/borrower. Berkshire Life Insurance Company provided the financing on a 10/22 deal. This is a repeat borrower for Berkshire Life.
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Louisville: Greg Solomos originated an $11 million deal to finance Norton Hospital Medical Office Building. Allstate Life Insurance Company provided a 9 month forward commitment for the 3-story, 86,000 square foot medical office building. The loan was secured for a 20-year fully amortizing term.
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Cincinnati: Capstone closed a $7.0 million loan for Comell Park Office/Warehouse in Cincinnati. Thrivent Financial funded the deal.
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Louisville: Capstone assisted a state retirement fund with their $16.4 million sale of four Walgreen Drug Stores in St. Louis.
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Lexington: Mark DeLauter originated a $5.35 million loan through Thrivent Financial, for a property located in Boone County, Kentucky.
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