KeyBank Provides $24M CMBS Loan for Refinancing of Parking Garage in Detroit

DETROIT — KeyBank Real Estate Capital has provided a $24 million CMBS loan for the refinancing of Port Atwater parking garage in Detroit. Built in 1989, the seven-level parking garage features 1,086 parking stalls. William Cassidy of KeyBank originated the 10-year loan, which features a 25-year amortization schedule.