KeyBank Provides $16M in Freddie Mac Funding for Acquisition of Seattle-Area Apartment
- Mar 31, 2010
Silverdale, Wash.–KeyBank Real Estate Capital recently provided a $16 million acquisition loan to Treetops Investors.
The fixed-rate acquisition loan was made possible through KeyBank’s lon–standing relationship with Freddie Mac and suggests continued movement towards recovery in the commercial real estate market, says KeyBank.
Treetops Investors will use the funds to purchase Treetops Apartments. Built in 1992, the 270-unit garden-style apartment complex is located in Silverdale, Wash.