Waypoint snags financing for Starkey Ranch apartments

Waypoint Residential has obtained $39.35 million in construction financing for its planned Point at Starkey Ranch apartment project in Odessa, according to property records.

Keybank N.A., of Albany, N.Y., provided the floating-rate financing that matures in late October 2020, loan documents filed in Pasco County show.

The loan was arranged by commercial real estate brokerage firm Holliday Fenoglio Fowler L.P. on behalf of Waypoint, a press release from the brokerage indicates. HFF declined to provide the name of the lender or the amount of the loan, however.