KeyBank Closes a $19 Million Loan for Ohio Assisted Living Facility

Capital Senior Living recently obtained a $19 million, 10-year Fannie Mae loan, provided by KeyBank Real Estate Capital, used to permanently finance a 151-unit assisted living community in Macedonia, Ohio.

KeyBank’s long-standing relationship with Fannie Mae enabled them to secure favorable loan terms. Before closing on this loan, KeyBank had provided a short term bridge-to-agency loan so Capital Senior Living could acquire the property.

Capital Senior Living has more than 80 communities under management across 23 states.

KeyBank is a Fannie Mae Delegated Underwriter and Servicer (DUS).

Written by Alyssa Gerace