Rochester, NY KeyBank Real Estate Capital has provided an $11.6 million Freddie Mac first mortgage loan for Kings Court Manor Apartments. The 184-unit, multifamily property was built in 1968-1970.
Dirk Falardeau of Key’s Commercial Mortgage Group arranged the financing with a seven-year term, two-year interest only period and a 30-year amortization schedule. The loan was used to refinance existing debt.
KeyBank’s broad financing options, integrated platform and industry experience gives its clients what they need to meet their short- and long-term goals.