KEYBANK REAL ESTATE CAPITAL CLOSES $21.5 MILLION IN MULTIFAMILY LOANS

COLUMBUS AND MARYSVILLE, OHIO — KeyBank Real Estate Capital has closed $21.5 million in Fannie Mae and Freddie Mac-funded loans for four apartment communities located in Columbus and Marysville. Sawmill Ridge Acquisitions LLC has secured $9.1 million in Fannie Mae acquisition loan funding for the purchase of Sawmill Ridge apartments, a 192-unit apartment community located at 6564 Millridge Circle. Hidden Acres Acquisition LLC has secured $3 million in Fannie Mae acquisition loan funding to purchase Hidden Acres East. The 84-unit community is located at 1359 Parkland Rd. Additionally, on behalf of the borrower, JMW Parkleigh Co. LLC, KeyBank Real Estate Capital has provided $6 million in Freddie Mac funding. The loan was secured for Parkleigh North Apartments, a 216-unit complex located at 4187 Beechwold Dr. The firm has also provided Watkins Glen Holdings Ltd. with $3.65 million in Coterminous DUS Supplemental financing for Watkins Glen Apartments, a 256-unit multifamily community located in the Cleveland suburb of Marysville.