KEYBANK ARRANGES $25 MILLION LOAN FOR CANAL SIDE LOFTS

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IRVING, TEXAS — KeyBank Real Estate Capital, a division of Cleveland-based KeyCorp, has arranged $25 million in permanent financing for Canal Side Lofts, a 306-unit urban loft property located in Irving. The loan, which was secured by KeyBank through Freddie Mac, refinances an existing construction loan KeyBank originated when the property was constructed in 2006. The borrower is Canal Side Lofts, Ltd. Terms of the loan were not disclosed.

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