KeyBank Real Estate Capital Provides $25 Million for Colorado Apartment Community
- Dec 05, 2012
Littleton, Colo.—KeyBank Real Estate Capital recently closed a $25 million, 10-year loan through Freddie Mac for Ken Caryl Wadsworth Development Company. Additional terms of the loan include a fixed-interest rate and 30-year amortization schedule. Vice President Charlie Williams from KeyBank’s Multifamily Production Group worked with the borrower to arrange financing on Columbine Meadows, a 277-unit townhome-style apartment community located in Littleton, Colo. With the loan, the borrower was able to refinance the community back to the original principal balance.