KeyBank Real Estate Capital Secures $25.3M Financing For Redburn Development Partners

The multifamily properties located at 413 North Pearl Street and 1379 Washington Avenue in Albany, New York, were involved in a refinancing deal. The loan amount secured for the properties was $25,300,000. The financing was facilitated by Fannie Mae, and the landlord of these properties is Elizabeth Young from Redburn Development Partners. The brokers responsible for the transaction were Dirk Falardeau and Mark Flanders from Keybank Real Estate Capital Partner.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $25,300,000
• Address: 413 North Pearl Street & 1379 Washington Avenue
• Market: Albany
• Lender: Fannie Mae
• Landlord: Elizabeth Young - Redburn Development Partners
• Brokers: Dirk Falardeau & Mark Flanders - Keybank Real Estate Capital Partner

The refinancing deal for the multifamily properties in Albany, New York, was successfully completed with the assistance of KeyBank Real Estate Capital. This financing arrangement of $25.3 million enabled Redburn Development Partners to manage the properties effectively. Such transactions highlight the importance of strategic financial planning and collaboration between key individuals and companies in the real estate industry.