Keystone Homes Secures $30 Million Loan From Fannie Mae For 166-Unit Community In Apache Junction
695 East Superstition Boulevard
$30,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 22, 2026
AI
This transaction involved a multi-family asset known as The Havenly Superstition, consisting of 166 units, located at 695 East Superstition Boulevard in Apache Junction, AZ. Keystone Homes secured a loan amount of $30 million from Fannie Mae for cash-out financing related to this property, which was completed in 2025.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $30,000,000
- Address: 695 East Superstition Boulevard
- Market: Apache Junction, AZ
- Lender: Fannie Mae
- Landlord: Keystone Homes
- Brokers: Vin Basa, Brad Burns, Jeremy Hammill & Scott Holland - Berkadia
- Units: 166
The brokers involved in this transaction played a significant role in facilitating the financing for Keystone Homes. Vin Basa, Brad Burns, Jeremy Hammill, and Scott Holland, all from Berkadia, actively represented the interests of the landlord in securing the necessary funds for this development project.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93