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Washington DC & Mid-Atlantic  + DC Metro  + Apartments  |  May 1, 2023
Emily Fu
By: Emily Fu

KeyBank Arranges $33M Finance for Multifamily Housing Property in West Virginia 

KeyBank Real Estate Capital has arranged a $33 million fixed-rate Fannie Mae loan for the acquisition of Meadow Creek Apartments in Bridgeport, West Virginia.  

The class-A multifamily property features 29 residential buildings on 31.5 acres of land, one pool house, and a maintenance garage. The acquisition includes a loan structure with a seven-year term, with five years of interest-only payments, and a 30-year amortization schedule.  

Alan Isenstadt, Pranav Sarda, and John Ward of KeyBank Real Estate Capital structured the loan, which was brokered by Moshe Feiner of Sevenstone Capital. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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