KeyBank Provides $13.5M Refinancing for Community in North Carolina

CHAPEL HILL, N.C. — KeyBank Real Estate Capital has originated a $13.5 million refinancing for Chatham Ridge Assisted Living in Chapel Hill.

The 60-unit assisted living and memory care community opened in 2015.

Charlie Shoop of Key’s Commercial Mortgage Group arranged the fixed-rate Fannie Mae financing, which was used to refinance existing debt. The loan is structured with a 10-year term, two-year interest-only period and 30-year amortization schedule.

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