KEYBANK CLOSES $7.6M CMBS LOAN FOR BALTIMORE APARTMENT COMMUNITY

BALTIMORE — KeyBank Real Estate Capital has arranged a $7.6 million CMBS loan for Churchill Manor Townhomes, a 90-unit townhome community located in Baltimore. Kathy Anderson and Ken Broussard of KeyBank arranged the fixed-rate loan on behalf of the borrower, Baltimore-based Quest Management Group. Quest completed a value-add renovation program utilizing a KeyBank bridge loan before obtaining permanent financing from the lender.