Regions Bank has announced its real estate capital markets division, a diversified multifamily and commercial real estate lender, arranged a $350 million Fannie Mae credit facility with Equity Residential to refinance a portfolio of five of Equity’s multifamily properties.
“Regions provides meaningful capital solutions to qualified multifamily borrowers in several of the nation’s largest markets,” said Kerri Raines, managing director of Regions Real Estate Capital Markets. “We take an in-depth, customized approach toward understanding the detailed goals of each client. This transaction is a strong example of how our teams translate those goals into tailored solutions designed to help our clients continue to grow and thrive.”
Financing was provided via Fannie Mae’s credit facility, a flexible financing tool that allows borrowers to manage debt across their entire multifamily portfolio. The fixed-rate financing was provided to Equity Residential on a 10-yea
