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MidwestMultifamily

KeyBank secures $47.6M financing for Naperville apartment community

Staff Writer March 26, 2017
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KeyBank Real Estate Capital has secured a $47.6 million first mortgage loan for Tapestry Naperville, a 298-unit apartment community in Naperville, Illinois.

Todd Linehan of Key’s Commercial Mortgage Group arranged the 10-year, fixed rate, interest-only loan through a correspondent life company relationship. The financing was used to acquire the property.

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