KeyBank Arranges $33M Fannie Mae Loan in North Carolina

1 min read

The company worked on behalf of RK Properties for the acquisition of a 292-unit multifamily community.

The Pointe at Prosperity Village. Image courtesy of KBREC
The Pointe at Prosperity Village. Image courtesy of KBREC

KeyBank Real Estate Capital (KBREC) has secured a $32.7 million Fannie Mae loan for The Pointe at Prosperity Village, a 292-unit community in Charlotte, N.C. The company represented Long Beach, Calif.-based RK Properties in the transaction. Paul Angle of KBREC’s Commercial Mortgage Group and Chris Neil of KeyBank’s Institutional Real Estate Group arranged the financing for the acquisition.

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Located at 7304 Brice Knoll Lane, the community provides convenient access to various shopping, dining and entertainment venues including Mallard Creek Soccer Fields, Pizza Hut, The Tradition Golf Club, Walgreens, Trader Joe’s, David B. Waymer Aeromodeler Flying Field and Prosperity Park. Common-area amenities include a saltwater pool, outdoor TV lounge and grilling stations, Topgolf resident pass, outdoor fire pit, 24-hour fitness center, private game room and 24-hour package room. Additionally, the pet-friendly community offers a dog park and a pet spa.

The Pointe at Prosperity Village features a mix of one-, two- and three-bedroom units. In-unit amenities include full-size washers and dryers, double vanities, ceramic tile floors, walk-in closets, fully equipped kitchen, balcony and wood-style plank flooring. Built in 2018, the property consists of 4 four-story buildings, 2 three-story townhome-style apartments, 7 two-story carriage home-style buildings, a single-story clubhouse and maintenance building.

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