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695 East Superstition Boule...

Keystone Homes Secures $30 Million Loan From Fannie Mae For 166-Unit Community In Apache Junction
FINANCEDMultiFamily

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:

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

Brad Burns

Berkadia

Broker

$30M

vol

1 deal

Broker
Keystone Homes
Keystone HomesBuyer
Fannie Mae
Fannie MaeLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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