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.
Multifamily property in California receives $39.4 million to refinance
Most Popular Articles
Latest Articles
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
Christopher Gallo was charged with one count of conspiracy to commit bank fraud.
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products
-
Realty One Group joins growing list of firms to settle commission lawsuits