KeyBank Arranges $28.2M Acquisition Financing for Two Multifamily Properties in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — KeyBank Real Estate Capital has arranged a total of $28.2 million in first mortgage loans through Freddie Mac for two multifamily properties located in Columbus. KeyBank arranged a $14.6 million loan for College Park Apartments, a 28-building, 250-unit property. The buildings were constructed between 1999 and 2000 and renovated in 2017. KeyBank also arranged a $13.6 million loan for Gateway Lakes, a 17-building property constructed in 2000. Chris Black and Caleb Marten of KeyBank arranged the seven-year loans, which feature 30-year amortization schedules. The borrower was not disclosed.

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