HUD lender profile
KeyBank National Association: HUD multifamily lending record
HUD insured 43 multifamily loans with KeyBank as lender in FY2022-FY2026, for $1.15 billion and 8,135 units. That is 1.8% of all HUD multifamily dollars in those years and #16 among lenders.
- HUD files it as KEYBANK NATIONAL ASSOCIATION
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 11 HUD loans for $344 million, up 39% from FY2025 and ranking #13 among HUD multifamily lenders that year.
223(f) was its largest program at 77% of five-year dollars, followed by NC/SR at 23%.
It lent in 19 states; Oregon was the largest at 27% of dollars.
Its median loan was $22.3 million, above the $14.3 million median for all HUD multifamily endorsements in the same years.
On 223(f) loans, the median time from firm commitment to initial endorsement was 85 days (31 loans), against 87 days for all lenders.
13 of its 43 loans (30%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 11 | $344M | 6 | 5 | #13 | |
| FY2025 | 7 | $247M | 6 | 1 | #12 | |
| FY2024 | 5 | $132M | 3 | 2 | #16 | |
| FY2023 | 8 | $130M | 5 | 2 | #20 | |
| FY2022 | 12 | $301M | 11 | 1 | #19 | |
| FY2021 | 16 | $464M | 11 | 1 | #17 | |
| FY2020 | 12 | $213M | 8 | 2 | #21 | |
| FY2019 | 16 | $326M | 11 | 5 | #11 | |
| FY2018 | 15 | $169M | 13 | 2 | #20 | |
| FY2017 | 15 | $208M | 9 | 5 | #19 | |
| Since FY2014 | 141 | $2.84B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| 223(f) purchase or refinance | 31 | $888M | $28.0M |
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 11 | $262M | $18.6M |
| 241(a) supplemental loan | 1 | $4.5M | $4.5M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Oregon | 8 | $311M |
| Texas | 5 | $135M |
| Utah | 3 | $99.2M |
| Massachusetts | 3 | $125M |
| Florida | 3 | $44.3M |
| North Carolina | 2 | $53.3M |
| New York | 2 | $22.2M |
| Tennessee | 2 | $84.6M |
| Illinois | 2 | $34.4M |
| Michigan | 2 | $22.2M |
| Pennsylvania | 2 | $5.3M |
| Ohio | 2 | $33.7M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (43)
- 85 days median
- Middle half of its loans
- 62-134 days
- 223(f) (31 loans)
- 85 days
- NC/SR (11 loans)
- 83 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-16 | Marcola Apartment Homes · OR | 223(f) | $57.3M |
| 2026-09-16 | Walnut Creek Apartments · NC | NC/SR | $45.8M |
| 2026-08-19 | Yadkin Trail Homes · NC | NC/SR | $7.5M |
| 2026-04-22 | Ogden River's Edge · UT | NC/SR | $18.6M |
| 2026-04-16 | Lakeview at Westpark · TX | 223(f) | $54.0M |
| 2026-03-10 | Wallkill Living Center · NY | 223(f) | $15.7M |
| 2026-02-12 | Cascade Place Apartment Homes · OR | 223(f) | $29.9M |
| 2026-01-28 | Topaz at Light Farms · TX | NC/SR | $43.0M |
| 2026-01-27 | Silver Hills at Columbia · SC | NC/SR | $44.9M |
| 2025-12-11 | Fawcett's Pond · MA | 223(f) | $20.9M |
| 2025-10-23 | The Mill at Saugerties · NY | 223(f) | $6.5M |
| 2025-09-30 | Westgate Apartment Homes · OR | 223(f) | $30.8M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| King's Lynne Apartments · MA | 223(f) | $84.3M |
| The Royce on 9th · UT | 223(f) | $67.6M |
| Marcola Apartment Homes · OR | 223(f) | $57.3M |
| Northplace Apartment Homes · OR | 223(f) | $56.1M |
| Overlook at Farragut Apartments · TN | 223(f) | $56.0M |
| Grandview Terrace · NJ | 223(f) | $54.9M |
| Lakeview at Westpark · TX | 223(f) | $54.0M |
| Walnut Creek Apartments · NC | NC/SR | $45.8M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Keybank National Association as servicer on 148 apartment loans with $2.73 billion of balance and 25,490 units. The median note rate on that book is 3.60%. 91 of the loans carry a rate under 4%. HUD lists the same name as holder of 135 loans.
- 223(f)
- 95 loans
- 221(d)(4)
- 37 loans
- 223(a)(7)
- 14 loans
- 241(a)
- 2 loans
Largest servicing states: Texas (22), Ohio (17), Massachusetts (13), Oregon (10), California (9), Utah (8).
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
Get your HUD loan in front of several lenders
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