Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

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KeyBank provides $71.9 million in FHA funds to four Texas multifamily properties

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[Update 1: corrects originator of Zang loan] KeyBank Real Estate Capital, the lending arm of KeyBank Corp. (KEY), recently financed three North Texas multifamily properties and refinanced another Texas property with $71.9 million of Federal Housing Administration funds. Lang Partners received a $23.5 million loan for 260-unit development under construction at Zang Triangle in the Oak Cliff section of Dallas. The real estate investment fund develops properties within the urban core of American cities. The Hebron 212 Station in Lewisville, Texas, received a $20.1 million loan through Huffines Communities, a North Texas residential real estate developer. The newly constructed property has 234 units. KeyBank originated a $15.5 million FHA loan for First Enterprise Corp. for The Lodge at Pecan Creek, a new, 192-unit property in Denton, Texas. Bandera Common, a 240-unit property in San Antonio, received an $11.7 million refinance loan. In October, KeyBank Real Estate Capital provided $39.4 million in Fannie Mae funding to refinance a multifamily property in Southern California. Write to Christine Ricciardi. Follow her on Twitter @HWnewbieCR. Disclosure: The author holds no relevant investments.

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