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KeyBank Arranges $57M Loan for Refinancing of Multifamily Property in Carmel, Indiana
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KeyBank Arranges $57M Loan for Refinancing of Multifamily Property in Carmel, Indiana
CARMEL, IND. — KeyBank Real Estate Capital (KBREC) has arranged a $57 million fixed-rate loan with a national life insurance company for the refinancing of The Steadman Apartment Homes, a newly completed multifamily property in the Indianapolis suburb of Carmel. The loan proceeds will be used to refinance outstanding construction debt. Completed in 2024, the property was 60 percent leased as of March 2025. The Steadman features 263 units, with f…
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