KeyBank Arranges $34.9M in Financing for Multifamily Portfolio in Wilmington

Hawthorne Centre North Wilmington

Hawthorne Centre North is one of the four Wilmington communities involved in the portfolio financing.

WILMINGTON, N.C. — KeyBank Real Estate Capital has arranged a total of $34.9 million in Freddie Mac financing for a four-property, 694-unit multifamily in Wilmington. The apartment properties include Hawthorne at New Centre, Hawthorne Centre North, Hawthorne Commons and Hawthorne Lofts South. Charles Williams and Jeffrey Hunkele of KeyBank’s commercial mortgage group arranged the loans, which were used to pay off existing KeyBank balance sheet loans.

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