keybank real estate capital

Albany, N.Y. — KeyBank Real Estate Capital has secured a $29.4 million refinancing for Auden Albany Student Housing, a 322-bed community serving students attending the University at Albany — State University of New York. The fixed-rate, Fannie Mae loan is structured with a 12-year term and a 36-month, interest-only period. Erik Storz and Pete Rand of KeyBank structured the financing on behalf of the borrower, DMG Investments. The community offers units with bed-to-bath parity alongside shared amenities including a fitness center, game room, yoga studio and clubhouse. 

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Ruston, La. — KeyBank Real Estate Capital has secured a $23.2 million refinancing for University Crossing Apartments, a 552-bed student housing community located near Louisiana Tech University in Ruston. Hayley Suminski and Amanda Kutia of KeyBank secured the floating rate financing through Freddie Mac on behalf of the borrower, WFInvestments. The loan features a 10-year term with a 36-month, interest-only period. The garden-style community is currently undergoing renovations. 

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