Silver Collection at Celebrate $50.2 Million
|Deal Type||Fannie Mae|
KeyBank Real Estate Capital has secured $50.2 million in Fannie Mae financing for Meridian Capital Group to refinance a 278-unit, multifamily apartment complex in Fredericksburg, Va. Silver Collection at Celebrate comprises 12 three-story apartment buildings on 25 acres of land. The loan will be used to refinance $12.7 million of KeyBank-held debt.
John Ward of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged the financing for the project.