KeyBank Originates $31M for Affordable Seattle Properties

7 days ago · To preserve affordable housing, South Puget Sound Habitat for Humanity has just announced its Cost of Home campaign, which includes a five-year plan.

New Haven, CT KeyBank Real Estate Capital has originated a total of $17.6 million in Fannie Mae financing for a three-property, multifamily portfolio. A $6.5 million non-recourse, fixed-rate mortgage loan was secured by Rosehill Apartments. The 91-unit, garden-style apartment complex was built in 1985 and is located in Branford.

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KeyBank Originates $31M for Affordable Seattle Properties Both properties are located in the Atlantic neighborhood of Seattle and will provide a total of 126 affordable housing units. Sep 12 2018

The property is for residents 55 and older. Its initial phase was of 128 units was completed last year by Sharbell Development Corp. in Hamilton Township, which is in Mercer County, N.J. The new.

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Last month, HomeSight received $1.7 million from the City of Seattle’s home buyer assistance loan portfolio, which Lengyel said could lead to U.S. Department of Treasury certification as a.

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KeyBank is the primary subsidiary of KeyCorp, which was formed in 1994 through the merger of Society Corporation of Cleveland ("Society Bank") and KeyCorp ("Old KeyCorp") of Albany, New York.The merger briefly made Key the 10th largest US bank. Its roots trace back to Commercial Bank of Albany, New York in 1825 and Cleveland’s Society for Savings, founded in 1849.

KeyBank is committed to growing the Community Development Lending & Investment group ("CDLI"). CDLI’s mission is to help clients and communities thrive. CDLI provides capital solutions for affordable housing and community development projects in urban and rural communities.