53
TULSA, OKLA. — KeyBank Real Estate Capital has secured a $10 million interim loan for Fairmont Terrace Apartments, an affordable housing complex located in Tulsa. The 336-unit, garden-style apartment property was built in 1975 and will be renovated using low-income housing tax credits and HUD financing. Kelly Frank of Key’s Community Development Lending Group arranged the financing on behalf of Millennia Housing Development, which was used to acquire the property.