REBusinessOnline

KeyBank Provides $39.5M Refinancing for Apartment Community in Connecticut

SOUTH WINDSOR, CONN. — KeyBank has provided a $39.5 million Freddie Mac, first mortgage loan to refinance the existing debt of Tempo Evergreen Walk Apartments in South Windsor. The 200-unit, garden-style apartment complex was built in 2018 and is made up of nine, four-story residential buildings. Tom Peloquin of KeyBank arranged the fixed-rate, non-recourse loan with an 11-year term, three years of interest only payments and a 30-year amortization schedule for the undisclosed borrower.

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