KeyBank Arranges $33M Finance for Multifamily Housing Property in West Virginia
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 acquisition includes a loan structure with a seven-year term, with five years of interest-only payments, and a 30-year amortization schedule.
Alan Isenstadt, Pranav Sarda, and John Ward of KeyBank Real Estate Capital structured the loan, which was brokered by Moshe Feiner of Sevenstone Capital.
KeyBank Arranges $33M Finance for Multifamily Housing Property in West Virginia
KeyBank Arranges $33M Finance for Multifamily Housing Property in West Virginia
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 acquisition includes a loan structure with a seven-year term, with five years of interest-only payments, and a 30-year amortization schedule.
Alan Isenstadt, Pranav Sarda, and John Ward of KeyBank Real Estate Capital structured the loan, which was brokered by Moshe Feiner of Sevenstone Capital.
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