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Keystone Snags Refi on 166-Unit Apache Junction BTR Community
Keystone Homes obtained $30 million in Fannie Mae cash-out financing for The Havenly Superstition, a 166-unit, horizontal, apartment/cottage-style build-to-rent (BTR) community in Apache Junction, Arizona. The financing was arranged on behalf of Keystone Homes by Berkadia’s Scott Holland, Vin Basa, Brad Burns and Jeremy Hammill. The seven-year, fixed-rate loan offers full-term interest-only payments.
Located at 695 E. Superstition Blvd and completed in 2025, The Havenly Superstition consists of 166 horizontal/cottage-style rental units designed to offer residents the privacy and comfort of single-family living, combined with the convenience of professionally managed leasing. Residents enjoy an array of amenities including a heated pool and spa, a dog park, clubhouse, and community garden.
In 2023, Keystone sold the 147-unit Havenly Fountain Hills for $68.3 million, about $464,000 per unit.
- ◦Financing
