NEWS & NOTABLES
CLEVELAND—KeyBank Real Estate Capital has provided $163.1 million through a Fannie Mae credit facility for the recapitalization of 14 manufactured housing properties spread across six states. Inspire Communities owns and operates the sites, which combined have 5,013 pads, and are part of a 23-property portfolio. Todd Linehan of Key's Commercial Mortgage Group structured the financing with a 10-year term, five-year interest only period and 30-year amortization schedule. The loan will be cross-collateralized and cross-defaulted. KeyBank could not disclose more information regarding financing.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
