KeyBank Community Development Lending and Investment (CDLI) provided a $100 million bridge loan to Fairfield, a multifamily owner/investor based in San Diego, CA, for Villages at Marley Station, an apartment community located in Glen Burnie, MD. Villages at Marley Station, which was constructed in 1963 and renovated in 1997 and 2009 with LIHTC equity, is a 757-unit mixed-income development acquired by Fairfield in December 2021.
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