NC Senior Housing Community Receives $14M Loan
MultiHousing News | June 18, 2018
KeyBank Real Estate Capital has provided a $13.5 million Fannie Mae, the first mortgage loan for the refinancing of Chatham Ridge Assisted Living in Chapel Hill, N.C. The assisted living and memory care facility was built in 2015 and features 60 units. The fixed-rate loan with a 10-year term and two-year interest-only period have a 30-year amortization schedule. KeyBank Senior Vice President Charlie Shoop arranged the refinancing.