Updated Apr 30, 2026
KeyBank Provides $46.2M Refinance Loan For 508-Unit Multifamily Portfolio In Fayetteville NC
3500 Carlson Bay Court, 6707 Water Trail Drive & 5441 Basking Ridge Drive
$46,200,000
Units
508
Asset Type
MultiFamily
Closing
Apr 28, 2026
About this deal
AI
A bridge loan has been originated by KeyBank Real Estate Capital to refinance a multifamily portfolio consisting of three properties, amounting to a total of 508 units in Fayetteville, NC, specifically located at 3500 Carlson Bay Court, 6707 Water Trail Drive, and 5441 Basking Ridge Drive. This transaction represents a significant financial move within the local market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,200,000
- Market: Fayetteville, NC
- Asset Units: 508
- Lender: KeyBank’s Income Property Group
- Landlord: Valor Residential Group
- Brokers: Pranav Sarda & Alan Isenstadt - KeyBank’s Income Property Group
- Loan Type: Refinance
- Loan Date: 04/28/2026
This transaction involved the combined expertise of brokers Pranav Sarda and Alan Isenstadt, who represent KeyBank’s Income Property Group in facilitating this financial arrangement. This refinance plays a crucial role in supporting the ongoing operation and management of the multifamily assets owned by Valor Residential Group.
Players
Fayetteville 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93