KeyBank secures $50m in Freddie Mac financing for The Dolben Company

August 09, 2019 - Financial Digest

Salem, NH KeyBank Real Estate Capital has secured $50 million in Freddie Mac financing for The Dolben Company, to refinance a 256-unit, class-A mid-rise apartment complex. Built this year, Corsa Tuscan Village North, which was financed using a $38 million construction loan, is projected to reach stabilized occupancy by October. The loan will be used to refinance existing debt.

Dirk Falardeau of KeyBank’s Commercial Mortgage Group arranged the financing for the project.

 

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