KEYBANK SECURES $66.6M IN MULTIFAMILY LOANS

FREDERICKSBURG, VA. — KeyBank Real Estate Capital has arranged two loans totaling $66.6 million through Fannie Mae for two multifamily properties, the 476-unit Manor at England Run and the 200-unit The Greens at Falls Run, located in Fredericksburg. The loans were used to repay two bridge loans totaling $62.55 million. Jeff Aycock of KeyBank arranged the seven-year, fixed-rate loans through Fannie Mae on behalf of the borrower, BPG Properties.