Landmark of West Allis
Overview
| Deal Type |
Agency Lending |
|---|---|
| Size |
$11.96 Million Acquisition |
Summary
Landmark of West Allis consist of 127 garden style units on 3.6 acres of land. The property consists of one, four story building and provides 134 parking spaces. The property will receive $570,000 of capital improvements. 20% of the units are restricted to 50% AMI and the remaining units serving 60% and 80% AMI population. Landmark of West Allis benefits from 100% real estate tax exemption.
KeyBank Real Estate Capital has provided a total of $11.9 million through a Fannie Mae credit facility for the acquisition of Landmark of West Allis in West Allis, Wisconsin, by Harmony Housing, a 501(c)(3) nonprofit organization dedicated to providing safe, clean and comfortable affordable housing throughout the United States. The credit facility is based on a creative structure that allows Harmony Housing to easily add to its existing portfolio.
