Keystone Arranges $22M Permanent Loan for Belmont Multifamily

Keystone Mortgage Corp. recently closed on a $22,000,000 permanent loan on a multifamily property located in Belmont. The financing was provided by Voya Financial at a fixed interest rate of 5.47%. The borrower was not disclosed.

The transaction reflects continued lender appetite for well-located multifamily assets in supply-constrained California markets, and demonstrates Keystone’s ability to source competitive, long-term institutional financing for its clients, the company said. “We are pleased to have arranged this financing on behalf of our client,” said managing director Nick Viscount at Keystone. “Voya demonstrated a strong commitment to this asset and we were able to deliver a highly competitive structure that met the borrower’s long-term objectives.”

Belmont is a sought-after residential submarket situated in San Mateo County on the San Francisco Peninsula. It benefits from strong employment fundamentals, limited housing supply and consistent renter demand driven by proximity to major technology and life sciences employers throughout the Bay Area, according to Keystone.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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