Ashton Reserve at Northlake Charlotte

KeyBank Provides $15.3M Acquisition Loan for Apartment Community in Charlotte

by John Nelson

CHARLOTTE, N.C. — KeyBank Real Estate Capital has provided a $15.3 million Fannie Mae loan for the acquisition of Ashton Reserve at Northlake, a 151-unit apartment community in Charlotte. The property is Phase II of a larger apartment development. Chris Black of KeyBank’s commercial mortgage group arranged the fixed-rate loan.

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