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KeyBank Secures $57M Financing for Multifamily in Indiana

Summary by Connect CRE
KeyBank Real Estate Capital secured a $57 million fixed-rate loan with a national life company to refinance The Steadman Apartment Homes, a newly completed multifamily property located in Carmel, Indiana. The loan proceeds will be used to refinance outstanding construction debt. Construction was completed in 2024, and as of March 2025, the property was 60% leased. Samantha Miller and Greg Halvorson of KeyBank Real Estate Capital’s Commercial Mor…
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Connect CRE broke the news in on Tuesday, October 21, 2025.
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