WEDNESDAY, NOVEMBER 19, 2008

Leaders Bank refinances Columbus multi-family

by Drew Smith
Oak Brook, Ill.-based Leaders Bank has extended a $5.2 million loan to refinance the Bolton Estates apartment complex in Columbus, Ohio.

Chris Cernek, Jason Welch and Hugh Franklin arranged the financing on behalf of the property's owner, an entity related to Oak Brook-based JVM Realty.

The apartments are located at 5400 Lindbergh Blvd. and contain 196 units. JVM Realty is a firm that owns and manages apartments. It specializes in acquiring and repositioning multi-family properties throughout the Midwest.

Address: 5400 Lindbergh Blvd., Columbus, Ohio

Size: 196 units