KEYBANK REAL ESTATE CAPITAL CLOSES $8.9 MILLION IN LOANS

FRESNO AND EL CAJON, CALIF. — KeyBank Real Estate Capital has closed two loans totaling $8.9 million for two multifamily properties in California. In the first transaction, KeyBank provided a $4.9 million Fannie Mae supplemental loan to Provence at the Dominion LLC for Le Provence, a 268-unit condominium complex in Fresno. Additionally, KeyBank provided a $4 million Fannie Mae assumption and supplemental loan to R&V Management Corp. for Coral Gardens Apartments, a 200-unit garden-style apartment complex in El Cajon.