KeyBank Originates $31M for Affordable Seattle Properties

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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.

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Los Angeles – KeyBank Real Estate Capital has originated a $247.8 million freddie mac, first mortgage loan for The Lorenzo, a student housing community located in Los Angeles. The property was developed in 2015 and is 95 percent leased to students from the University of Southern California (USC), the Fashion Institute of Design and Merchandising and Loyola Law School.

Built in 1962 on 5.4 acres, the five-story mid-rise property’s recent renovations include upscale condo-grade interior finishes, a new fitness center and putting green, tropical landscaping and a.

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KeyBank was the 4th largest commercial real estate/multifamily finance originator in 2018.* As one of the nation’s leading providers of commercial and multifamily real estate finance, KeyBank focuses on building long-term relationships with new ideas and innovative thinking.

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