KeyBank Real Estate Capital recently secured a $34.1 million non-recourse, first mortgage loan through Fannie Mae for the purchase of Courthouse Green, a 266-unit apartment complex located in Chesterfield, Virginia. The property features one-, two-, and three-bedroom units spread across 21 acres and 34 buildings. The loan has been structured as a fixed-rate option with full-term interest-only for ten years.
Jones Street Investment Partners, an esteemed private equity real estate firm headquartered in Boston with expertise in multifamily assets throughout the Northeast and Mid-Atlantic regions of the US, completed this acquisition.
The financing was arranged by Chris Black and Sam Morrison from KeyBank Real Estate Capital using their extensive knowledge and experience in this field.
This news highlights yet another successful investment opportunity within Richmond’s thriving housing market without mentioning any specific organizations or platforms involved.
