TODAY’S DEALS: KeyBank Real Estate Capital Closes $4.9M Loan for 180-Unit Property, and Other Transactions
- Mar 31, 2009
By Anuradha Kher, Online News EditorLouisville, Colo.–KeyBank Real Estate Capital recently closed a $4.9 million Fannie Mae loan for a multifamily property in Louisville, Colo. Key provided a supplemental permanent mortgage loan to Meadow Ridge Apartments Ltd. for Grandview at Flatirons (pictured), a 180-unit garden-style apartment complex. The property was built in 1990. Arbor Closes $3.52M Fannie Mae DUS MBS LoanSyracuse, N.Y.–Arbor Commercial Funding LLC recently completed funding of a $3,520,000 loan under the Fannie Mae DUS MBS product line to finance the 138-unit complex known as Ballantyne Apartments in Syracuse, N.Y.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.25 percent.