Promontory Place

Overview

Size $78.8 Million
Acquisition/Construction Loan, Permanent Loan, and Bond Underwriting

Summary

Key Community Development Lending & Investment provided $78.8 million in financing for the acquisition and construction of Promontory Place, a 175-unit affordable housing building in Salt Lake City, Utah. All 175-units will serve families and individuals earning no more than 50 - 60% of area median income. The financing includes a construction loan, permanent loan, and bond underwriting. We want to thank Alta Bay Holdings for their commitment to building much needed affordable housing in Utah.

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

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March 2025

terra vet

has received an entity-level preferred equity investment from

sculptor

Sole Placement Agent

terravet-reit-inc

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