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October 27, 2017  

Key Lines Up Loan on Retail Portfolio

KeyBank has arranged $195 million of financing on a 2.1 million-square-foot portfolio of grocery-anchored retail properties.The 10-year loan, backed by 14 properties across the U.S., was funded by insurer Guardian Life of New York. The non-recourse debt doesn’t amortize. It was originated three weeks ago for Cincinnati retail investment shop Phillips Edison. Key lined up the debt via a platform that represents institutional investors...

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