KeyBank Provides $31.1M Acquisition Loan For Multifamily Property In Phoenix, AZ

The multifamily property located at 15449 North 25th Avenue in Phoenix, AZ has recently undergone a loan transaction. The loan, facilitated by KeyBank, was for the acquisition of the property by Laguna Point Properties. The loan amount for this transaction was $31,100,000. The property consists of 200 units, making it a significant multifamily asset in the Phoenix market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $31,100,000
• Units: 200
• Lender: KeyBank
• Landlord: Laguna Point Properties
• Market: Phoenix, AZ

This transaction highlights the collaboration between KeyBank as the lender and Laguna Point Properties as the landlord. The acquisition of the 200-unit multifamily property reflects the confidence in the Phoenix, AZ market, emphasizing its potential for growth and investment opportunities.