(Save the date: RealShare Apartments comes to the Westin Bonaventure,Los Angeles, October 24.)
COLORADO SPRINGS, CO-KeyBank Real EstateCapital has shown continued faith in themultifamily market with its provision of two10-year, fixed-rate loans used to refinanceexisting mortgages on multifamily properties. The loans, acquiredthrough Freddie Mac, will amortize on a 30-yearschedule and total $27.35 million.The financial-services companyclosed on an $8-million loan for sponsor Puma InvestmentsLLC to refinance Conifers at SpringCreek, a 280-unit garden-style apartment complex here.Additionally, the firm closed a $19.35-million loan for borrowerGrand Peaks Properties to refinance GrandView at Flatirons, a 180-unit, class-Aapartment complex in Louisville, CO.
The loans were originated by VP CharlesWilliams and western regional manager JonReible from KeyBank’s multifamily production team. KeyBankis a Freddie Mac seller/servicer with extensive experience in themultifamily industry throughout Colorado.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
