The Braxton

Overview

Deal Type Agency Lending
Size $44.1 Million
Freddie Mac Fixed Rate Loan

Summary

The transaction includes a $44.1 million ($137,962/unit) non-recourse, first mortgage loan secured by a 320-unit, garden style apartment complex known as The Braxton, located in Palm Bay, Florida. Built in 1987, the property consists of 16 residential buildings and non-residential buildings. The property is situated on 24.74 acres of land. The proposed loan will be used to refinance the existing debt of the property. The loan is structured with a five-year term, and subsequent to a three-year interest only period, amortizes on a 30-year schedule.

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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