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March 4, 2021

KeyBank provides $13M refi

KeyBank Real Estate Capital says that it recently secured a $13.2 million refinancing loan via the U.S. Department of Housing and Urban Development for Shelter Holdings' fairly new Metroline Flats. Katie Plett and Marguerite Moyet led that effort for the bank. The loan, which benefits from HUD's Green Mortgage Insurance Premium reduction program, carries a fully amortizing 35-year term. The seven-story, 75-unit development opened about two years ago at 915 E. Spruce St., a little east of Yesler Terrace. Johnston Architects designed the project, which Shelter built through a subsidiary.

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