KBREC Ravenswood WA
|Deal Type||Freddie Mac|
|Size||$67.1 Million||Our Role||Lender|
KEYBANK SECURES $67.1 MILLION OF FINANCING FOR MULTIFAMILY PROPERTY IN WASHINGTON
KeyBank Real Estate Capital (KBREC) arranged a Freddie Mac TEL forward commitment for $67.1 million for DevCo, Inc., a private real estate investment company based in Bellevue, Wash., to develop a multifamily property in Lynnwood, Wash. The financing is comprised of a $64.5 million tax exempt loan and a $2.6 million taxable tail.