KeyBank Real Estate Capital, a nationwide commercial real estate lender, is providing $39.4 million to refinance a multifamily property in southern California. The loan is backed by Fannie Mae. KeyBank originated the loan for Golden West Properties which owns the Admiralty Apartments, a 172-unit property in Marina del Rey, Calif. Earlier this year, KeyBank provided a total of $10 million in loans backed by the government sponsored enterprises to refinance two commercial properties in the Northeast. KeyBank Real Estate Capital is the lending arm of KeyCorp, a Cleveland-based financial services company. As of June 30, the company had assets totaling $94,265 and loans totaling $54,953. Write to Christine Ricciardi.
1 minute readMultifamily property in California receives $39.4 million to refinance
October 8, 2010, 2:40pm
Christine was a reporter with HousingWire through August 2011.see full bio
Most Popular Articles
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Christine was a reporter with HousingWire through August 2011.see full bio