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KeyBank Secures $59.4M Green Acquisition Loan for Houston Apartment Complex

The-Westmore-at-Bellaire-Houston

The Westmore at Bellaire in Houston totals 580 units.

HOUSTON — KeyBank Real Estate Capital has secured a $59.4 million acquisition loan for The Westmore at Bellaire, a 580-unit apartment complex in Houston. Built in 1990, the Class A property comprises 19 three-story buildings. Caleb Marten of KeyBank secured the non-recourse, fixed-rate loan through Fannie Mae’s Green Rewards program. The 10-year loan also includes five years of interest-only payments and a 30-year amortization schedule. The borrower was not disclosed.

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