KeyBank Real Estate Capital Appoints Robert Likes to National Manager of Community Development Lending and Investment

CLEVELAND, June 16, 2015 /3BL Media/ – Key (NYSE:KEY) announced today the appointment of Robert Likes to National Manager of Community Development Lending and Investment (CDL). Likes, a 12 year veteran with KeyBank Real Estate Capital, will spearhead the national expansion of Key’s affordable housing platform. He reports to Norman Nichols, executive vice president and head of Income Property Group & Community Development Lending and Investment. 

Prior to this appointment, Likes was head of the Northwest Income Property Group at KeyBank Real Estate Capital.

“Rob’s leadership and expertise, combined with the depth and breadth of the KeyBank Real Estate Capital platform, will position Key to become a national leader in affordable housing.” said Nichols. “With more than 25 years of commercial real estate banking experience, Rob has helped to build and lead successful teams in client management, risk management, loan workout and capital markets loan origination.”

Last year, KeyBank provided nearly $400 million in debt and equity financing to developments in underserved communities. The CDL platform is an integral part of Key’s business and plays a significant role in the bank’s ability to meet the Community Reinvestment Act (CRA) objectives, which include offering low-to-moderate-income communities reliable lending, investment and service options. Last year, KeyBank Real Estate Capital raised more than $42 billion in capital for its clients.

Mr. Likes is a graduate of Brigham Young University with a degree in Business Management Finance.  He also completed the certificate program in Management for Execution from Cornell University.  He is actively involved in numerous industry organizations.

About KeyBank Real Estate Capital
KeyBank Real Estate Capital is a leading provider of commercial real estate finance. Its professionals, located across the country, provide a broad range of financing solutions on both a corporate and project basis. The group provides interim and construction finance, permanent mortgages, commercial real estate loan servicing, investment banking and cash management services for virtually all types of income producing commercial real estate. As a Fannie Mae Delegated Underwriter and Servicer, Freddie Mac Program Plus Seller/Servicer and FHA approved mortgagee, KeyBank Real Estate Capital offers a variety of agency financing solutions for multifamily properties, including affordable housing, seniors housing and student housing. KeyBank Real Estate Capital is also one of the nation’s largest and highest rated commercial mortgage servicers.

About KeyCorp
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio.  One of the nation's largest bank-based financial services companies, Key had assets of approximately $94.2 billion at March 31, 2015. For more information, visit https://www.key.com/.  KeyBank is Member FDIC.