From Connect Chicago:
KeyBank secured $86.8 million of capital for PIRHL to acquire and renovate Crosswinds Village, a 232-unit apartment community in Columbus, OH. The borrower is a real estate development and construction firm based in Cleveland that specializes in affordable and workforce multifamily projects.
PIRHL and the Columbus Metropolitan Housing Authority acquired the property and plan to renovate the units and preserve the property’s affordability. The renovation will include improvements to the apartment units, building exteriors and community areas.
Read Connect Chicago's artcle "KeyBank Arranges Acquisition Loan for Columbus Affordable Housing," featuring the Columbus Metropolitan Housing Authority.