KeyBank Provides $41.6M Fannie Mae Loan for Multifamily Community in Central Florida

KISSIMMEE, FLA. — KeyBank Real Estate Capital has provided a $41.6 million Fannie Mae loan for the acquisition of Douglas Grand at Westside, a 336-unit multifamily community in the central Florida community of Kissimmee. Chris Black of KeyBank originated the 10-year, fixed-rate loan with five years of interest-only payments and a 30-year amortization schedule on behalf of the undisclosed borrower. Douglas Grand at Westside was constructed in 2016 and features a pet park, swimming pool, fitness center, fire pit and a playground.