Monaco Isles

Overview

Deal Type Agency Lending
Size $40.9 Million
Freddie Mac Fixed Rate Loan

Summary

The transaction includes a $40.9 million ($129,237/unit) non-recourse, first mortgage loan secured by a 317-unit, garden-style apartment complex known as Monaco Isles, located in West Palm Beach, Florida. Built in 1987, the property consists of 26, two-story apartment buildings. The property is situated on 18.17 acres of land. The proposed loan will be used for the acquisition. The loan is structured with a five-year interest only term.

KBREC page disclosure

Banking products and services are offered by KeyBank National Association. All credit products are subject to collateral and/or credit approval, terms, conditions, and availability and subject to change.

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