CDLI Balmoral ID
|Deal Type||Freddie Mac|
|Size||$27 Million||Our Role||Lender|
KEYBANK SECURES $27 MILLION IN FINANCING FOR AFFORDABLE HOUSING PROPERTY IN IDAHO
KeyBank Community Development Lending and Investment (CDLI) and KeyBank Real Estate Capital (KBREC) have secured $27 million of financing for Dominium, an apartment owner, developer and manager based in Plymouth, Minn., to refinance and renovate Balmoral Apartments in Hailey, Idaho. The financing included $10.1 million provided by CDLI, as well as $17.3 million from Freddie Mac arranged by KBREC’s Commercial Mortgage Group.