KEYBANK SECURES TWO FREDDIE MAC LOANS TOTALING $7.8 MILLION

by admin

WEYMOUTH, MASS. — Keybank Real Estate Capital has secured a total of $7.8 million in Freddie Mac financing for Queen Anne's Gate Apartments in Weymouth. The funds are being used to refinance existing conduit loans for two phases of the development. First, $4.8 million was provided to Queen Anne's Gate Company II for Phase II of the community, which contains 108 units and was built in 1974. Additionally, $3 million was provided to Q.A. V LP for Phase V of the community, which contains 46 units and was built in 1988. Terms of the loans were not disclosed.

You may also like