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Civic Center Partners Secures $72.8M Loan From KeyBank For Affordable Senior Housing Development In Atlanta

Property Image
FINANCED
$72,800,000

Georgia

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Development Site
Financed 11/18/2025
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Property Image
FINANCED

Civic Center Partners Secures $72.8M Loan From KeyBank For Affordable Senior Housing Development In Atlanta

395 Piedmont Avenue Northeast

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Development Site
Financed 11/18/2025
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:Development Site
Transaction Type:Loan

The property asset involved in this transaction is a development site located at 395 Piedmont Avenue Northeast in Atlanta, GA. The site is part of the Atlanta Civic Center and is set to be converted into an affordable seniors housing community, consisting of 148 units. The loan amount associated with this development is $72,800,000.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $72,800,000
  • Market: Atlanta, GA
  • Lender: KeyBank Community Development Lending & Investment
  • Landlord: Civic Center Partners

KeyBank Community Development Lending & Investment arranged the financing, facilitating Civic Center Partners in their initiative to transform a section of the Atlanta Civic Center into affordable housing for seniors. This deal highlights the collaboration between the lender and landlord in advancing community development projects.

Players

KeyBank
KeyBank
LENDER

Details

FINANCED
IMAGE: 11/18/2025 ADDRESS: 395 Piedmont Avenue Northeast MARKET: Atlanta, GA ASSET TYPE: Development Site LENDER: KeyBank Community Development Lending & Investment LANDLORD: Civic Center Partners LOAN AMOUNT: $72,800,000 NOTE: KeyBank CDLI arranged $72.8M in financing for Civic Center Partners to convert part of the Atlanta Civic Center into a 148-unit affordable seniors housing community.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$72,800,000.00

Monthly NOI$485,333.33
Monthly Debt Service$460,145.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00