{"id":1004203039,"date":"2018-01-09T10:11:22","date_gmt":"2018-01-09T18:11:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004203039"},"modified":"2022-12-06T18:19:15","modified_gmt":"2022-12-07T02:19:15","slug":"keybank-arranges-41m-for-ga-community","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/keybank-arranges-41m-for-ga-community\/","title":{"rendered":"KeyBank Arranges $41M for GA Community"},"content":{"rendered":"

By Roxana Baiceanu<\/p>\n

\"Mariner<\/a>

Mariner Grove at 2010 E. President St. in Savannah, Ga.<\/p><\/div>\n

KeyBank Real Estate Capital has arranged a $40.7 million Fannie Mae, first mortgage loan for a 320-unit luxury community located in Savannah, Ga. Passco Cos. used the financing to acquire Mariner Grove from Brand Properties, in a\u00a0multifamily transaction\u00a0brokered by Cushman & Wakefield. Chris Black and Caleb Marten of KeyBank\u2019s Commercial Mortgage Group arranged the 10-year, non-recourse loan featuring a 30-year amortization schedule and a five-year interest only period.<\/p>\n

Mariner Grove is located at 2010 E. President St. and comprises 215 one-bedroom and 104 two-bedroom units. Built in 2016 on a 16.2-acre parcel, the community is one of the several large residential projects underway in Savannah. Common amenities include a fitness center, a pet park, saltwater pool with sundeck and cabanas. Units feature kitchens with custom cabinetry, tile backsplashes and nine-foot ceilings. \u00a0<\/p>\n

The community provides access to the beaches bordering Savannah River, Savannah Golf Club as well as a number of restaurants and entertainment venues.<\/p>\n

Last month,\u00a0KeyBank originated $12.5 million in CMBS, first mortgage loans for a three-property self-storage portfolio in Colorado<\/a> and Michigan.\u00a0<\/p>\n

Image courtesy of\u00a0Passco Cos.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Passco Cos. used the first mortgage, Fannie Mae loan to purchase the 320-unit Mariner Grove community in Savannah from Brand Properties.<\/p>\n","protected":false},"author":1064,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21742],"tags":[38814,32799,34789,32928],"class_list":["post-1004203039","post","type-post","status-publish","format-standard","hentry","category-deals","category-finance","category-latest","tag-brand-properties","tag-cushman-wakefield","tag-keybank-real-estate-capital","tag-passco-companies-llc"],"acf":[],"yoast_head":"\nKeyBank Arranges $41M for GA Community - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/keybank-arranges-41m-for-ga-community\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KeyBank Arranges $41M for GA Community\" \/>\n<meta property=\"og:description\" content=\"Passco Cos. used the first mortgage, Fannie Mae loan to purchase the 320-unit Mariner Grove community in Savannah from Brand Properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/keybank-arranges-41m-for-ga-community\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-09T18:11:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T02:19:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2017\/12\/Mariner-Grove.jpg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/keybank-arranges-41m-for-ga-community\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/keybank-arranges-41m-for-ga-community\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"headline\":\"KeyBank Arranges $41M for GA Community\",\"datePublished\":\"2018-01-09T18:11:22+00:00\",\"dateModified\":\"2022-12-07T02:19:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/keybank-arranges-41m-for-ga-community\\\/\"},\"wordCount\":201,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/keybank-arranges-41m-for-ga-community\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/internal.multihousingnews.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/12\\\/Mariner-Grove.jpg\",\"keywords\":[\"Brand Properties\",\"Cushman & Wakefield\",\"KeyBank Real Estate Capital\",\"Passco Companies LLC\"],\"articleSection\":[\"Deals\",\"Finance\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/keybank-arranges-41m-for-ga-community\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/keybank-arranges-41m-for-ga-community\\\/\",\"name\":\"KeyBank Arranges $41M for GA Community - 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