Elmer Gardens

Overview

Size $10 Million
Construction Loan

Summary

KeyBank Community Development Lending and Investment provided construction financing for Elmer Gardens, the historic preservation and adaptive reuse of the former Elmer Avenue Elementary School into a 51-unit senior housing project in Schenectady, NY. A portion of units will be set aside for frail seniors in need of supportive housing. We want to thank our sponsors and co-developers Home Leasing, LLC and Better Community Neighborhood, Inc. as well as project partners Redstone and New York State Homes and Community Renewal.

The financing included a $10MM construction loan.

Recent Deals

July 2025

kodiak

a portfolio company of

courtsquare

divested

kodiak partner

to a

Private Investor Consortium

Exclusive Sell-Side Advisor

kodiak-interiors-group-llc
July 2025

beacon

acquired

ascension borgess

from

ascension

Financial Advisor

beacon-health
July 2025

a portfolio company of 

and

$1.815 Billion

Senior Secured Credit Facilities

$900 Million

8.50% First Lien Secured Notes due 2032

Joint Lead Arranger
Joint Bookrunner

radiology-partners
June 2025

allied

$245 Million

Senior Secured Credit Facilities

Debt Advisor

allied

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