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December 23, 2010

Grosvenor and KeyCorp

Grosvenor Residential Investment Partners I LP and KeyCorp Fund Management Group are financing three residential projects in Seattle, San Diego and Washington, D.C. Locally, the fund provided a $4.2 million senior loan for the acquisition and development of 29 single-family lots in Brier, and will provide a $2.5 million construction revolver to construct the houses. The borrower is a local operator who has developed housing for more than 35 years.




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