REBusinessOnline

KeyBank Provides $23M Construction Loan for Multifamily Property in Connecticut

Harbor Heights Apartments in Stonington

STONINGTON, CONN. — KeyBank Real Estate Capital has provided a $23 million construction loan for the development of Harbor Heights Apartments, a multifamily property in Stonington. Once completed, the property will include 121 units in a four-story building. Jeff Rodman of KeyBank secured the fixed-rate financing with a 40-year amortization schedule on behalf of the undisclosed borrower.

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