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KeyBank Provides $31.2M in Financing for 354-Unit Apartment Community in Arizona

Bela Rosa was built in 2007. It contains 37 townhome-style apartment buildings.

NEW RIVER, ARIZ. — KeyBank Real Estate Capital has provided $31.2 million in Fannie Mae financing for the 354-unit Bela Rosa Apartment Homes in New River, northeast of Peoria. The Class A community is located at 3825 W. Anthem Way in the master-planned community of Anthem.

Bela Rosa was built in 2007. It contains 37 townhome-style apartment buildings.

Fred Dockweiler of Key’s Commercial Mortgage Group arranged the financing with a 10-year term and 30-year amortization schedule. The first-mortgage loan was used to refinance existing debt.

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