KeyBank Community Development Lending and Investment (CDLI) provided $16 million in LIHTC equity for a new construction development – Oak Park Senior Living, an affordable housing community in Fort Myers, FL. KeyBank’s Commercial Mortgage Group (CMG) privately placed $22 million in tax-exempt bonds for the project’s construction and arranged a $7.4 million Freddie Mac Forward commitment to provide permanent financing, to be funded at the stabilization of Oak Park Senior Living.
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