Playter Garden

Overview

Size $38.6 Million
Construction Loan, LIHTC Equity, and Permanent Loan

Summary

Key Community Development Lending & Investment provided $38.6 million in financing for the new construction of Playter Gardens, a 73-unit affordable housing project in Buffalo, New York. All 73 units will serve families and individuals earning no more than 50 - 60% of area median income. Supportive services will be offered to residents and will include case management, job training, and health and wellness services. The financing includes a construction loan, LIHTC equity, and a permanent loan. We want to thank SAA/EVI for their commitment to building much needed affordable housing in New York.

KBREC page disclosure

Banking products and services are offered by KeyBank National Association. All credit products are subject to collateral and/or credit approval, terms, conditions, and availability and subject to change.

Recent Deals

March 2025

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$1 Billion

Convertible Senior Notes due 2030

Co-Manager

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March 2025

sandbrook capital

acquired

intellirent

Senior Secured Credit Facilities

Sole Lead Arranger
Administrative Agent

intellirent
March 2025

imagefirst

a portfolio company of

caleracapital

$625 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner

imagefirst
March 2025

terra vet

has received an entity-level preferred equity investment from

sculptor

Sole Placement Agent

terravet-reit-inc

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