REBusinessOnline

KeyBank Secures $35.6M Acquisition Loan for Multifamily Community in New Hampshire

Heritage on the Merrimack in Bedford

BEDFORD, N.H. — KeyBank Real Estate Capital has secured a $35.6 million loan for the acquisition of Heritage on the Merrimack, a 240-unit multifamily community in Bedford. Built in 1998, the garden-style community is comprised of eight, three-story buildings on more than 27 acres. Paul Angle of KeyBank Commercial Mortgage Group secured financing for the undisclosed borrower through Fannie Mae. The fixed-rate, interest-only loan is for a period of 10 years.

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