Promontory Place

Overview

Size $78.8 Million
Acquisition/Construction Loan, Permanent Loan, and Bond Underwriting

Summary

Key Community Development Lending & Investment provided $78.8 million in financing for the acquisition and construction of Promontory Place, a 175-unit affordable housing building in Salt Lake City, Utah. All 175-units will serve families and individuals earning no more than 50 - 60% of area median income. The financing includes a construction loan, permanent loan, and bond underwriting. We want to thank Alta Bay Holdings for their commitment to building much needed affordable housing in Utah.

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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