KeyCorp (216-689-1769) offers extended benefits of traditional credit tenant lease financing to commercial properties with lease terms that are too short to fully leverage the tenant’s credit. The cornerstone of the new program allows landlords and owners of single-tenant commercial properties to create an additional, secondary source of capital by leveraging income from NNN or bond leases. The program is non-recourse for the owner-borrower.

Kramont Realty Trust (610-825-7100) closed $190 million mortgage financing with Metropolitan Life Insurance Company. The facility replaces a real estate mortgage conduit facility that matured last month. The loan has a 10-year term with an interest rate of 6.12%, interest only for the first two years with an amortization for the remainder of the loan term. The financing was arranged through Holliday Fenoglio Fowler, L.P.

Marabella Commercial Finance, Inc. (760-741-0800) completed a permanent loan for an outlet center in northern CA that is tenanted by Donna Karan, Brooks Brothers, Escada, Jones of New York, Sunglass Outlet and Tumi Luggage. The loan amount was for $5.1 million with LTV of 66%, a fixed interest rate of 6.013% and an amortization of 30 years.

Legg Mason Real Estate Services (215-496-3000) arranged a first mortgage financing of $2.4 million for Walden Plaza, a 56,192 sq.ft. center located in Cheektowaga, NY. Financing was based on a five-year term with a five-year amortization schedule. The company also arranged first mortgage financing of $1.375 million for Sterling Shops, a 7,525 sq.ft. center located in Sterling, VA. The center is tenanted by Mattress Discounters and Enterprise Car Rental. Financing was based on a 10-year term with a 22-year amortization.