The Ceresa

Overview

Size $66.5 million
Construction Loan, LIHTC Equity, and Permanant Financing
Client & Transactional Partners Dominium

Summary

KeyBank Community Development Lending & Investment provided $66.5 million in capital to acquire and rehabilitate The Cesera, a 204-unit senior affordable housing project in Garland, Texas. The community is owned and managed by Dominium, a leading national developer, owner, and manager of affordable housing. All 204 units will serve senior citizens earning no more than 40% – 60% of the area median income (AMI).

Supportive services will be offered to residents and will include adult education programs, health screenings and immunizations, counseling programs, computer education, and recreational activities. We want to thank Dominium and Garland Housing Finance Corporation for their sponsorship and shared mission to preserve much-needed affordable housing in Texas.

The financing includes a $20.1 million construction loan, $23.1 million in LIHTC equity, and a $23.3 million Fannie M.TEB permanent loan.

b-i-deal-disclosure-banking-products

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

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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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