REBusinessOnline

KeyBank Provides $24M CMBS Loan for Refinancing of Parking Garage in Detroit

Port Atwater parking garage features 1,086 parking stalls.

DETROIT — KeyBank Real Estate Capital has provided a $24 million CMBS loan for the refinancing of Port Atwater parking garage in Detroit. Built in 1989, the seven-level parking garage features 1,086 parking stalls. William Cassidy of KeyBank originated the 10-year loan, which features a 25-year amortization schedule.

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