The Lively at Carolina Forest
|Deal Type||Fannie Mae|
Myrtle Beach, SC
|Our Role||Lead Arranger|
KeyBank Real Estate Capital has arranged a $30.9 million Fannie Mae, first mortgage loan to Passco Companies for the acquisition of The Lively at Carolina Forest in Myrtle Beach, SC. The Class A, garden-style apartment community is comprised of 11, four-story buildings totaling 305 units.
Chris Black and Caleb Marten of Key’s Commercial Mortgage Group arranged the fixed-rate financing with a 10-year term, five-year interest only period and 30-year amortization schedule.