Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Events
  • Real Estate Awards
  • Subscribe
  • Publications
MinnesotaSeniors Housing

KeyBank Real Estate Capital closes $31 million in term debt for pair of seniors communities in Minnesota

Staff Writer April 4, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

KeyBank Real Estate Capital recently originated $31.75 million in Fannie Mae term debt for two Minneapolis/St. Paul-based senior housing communities.

Mortgage banker Charlie Shoop secured the financing on behalf of Key for Toronto, Ontario-based BayBridge Seniors Housing in conjunction with local operator and JV partner Keystone Communities.

The financing, which represents a new agency relationship for Key, allowed BayBridge/Keystone to refinance existing debt at current low long-term fixed interest rates and provided additional growth capital for the sponsor.

The properties involved were the Keystone Communities of Eagan, a 129-unit IL/ALF community in Eagan, Minn., and the Keystone Communities of Prior Lake, a 107-unit IL/ALF community located in Prior Lake, Minn.

Tags
Prior Lake
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MinnesotaStudent Housing

Newmark brokers sale and financing of two-property student-housing portfolio serving University of Minnesota

July 14, 2025
S DakotaHealthcare

Kraus-Anderson begins $13 million expansion at South Dakota medical center

July 14, 2025
N DakotaHospitality

Off the radar, on the rise: North Dakota’s hotel market momentum

Eric JacobsJuly 14, 2025
IllinoisMultifamily

Interra Realty brokers $10.7 million sale of 22-unit multifamily property in Chicago’s Lincoln Park neighborhood

July 11, 2025

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Events
  • Office Locations
  • Advertise
  • Terms and Conditions
  • Contact
© 2025 REjournals.com