REBusinessOnline

KeyBank Arranges $60M in Financing for 11 Industrial Buildings in Seattle

SEATTLE — KeyBank Real Estate Capital has secured a $60 million first-mortgage loan for SoDo Portfolio, an group of industrial properties in Seattle. The name of the borrower was not released.

Encompassing 12.7 acres, the portfolio totals 11 buildings offering mixed-use industrial space.

Josh Berde of Key’s Commercial Mortgage Group arranged the non-recourse, fixed-rate financing, which features a five-year term. A life company provided the funds.

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