KeyBank Real Estate Capital has arranged a $33 million fixed-rate Fannie Mae loan for the acquisition of Meadow Creek Apartments in Bridgeport, West Virginia. The class-A multifamily property features 29 residential buildings on 31.5 acres of land, one pool house, and a maintenance garage. The loan structure includes a seven-year term with five years of interest-only payments and 30 year amortization schedule.
Alan Isenstadt, Pranav Sarda and John Ward from KeyBank Real Estate Capital structured the finance package which was brokered by Moshe Feiner from Sevenstone Capital. This latest transaction is another example of how KeyBank is providing innovative financing solutions to meet their clients’ needs across the country in today’s competitive market environment.
