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BETHESDA, MD (May 6, 2020) – Capital One provided a $33 million Fannie Mae fixed-rate loan for the acquisition of two apartment communities in Walnut Creek, California. City View and The Pines contain a total of 140 units. Kristen Croxton and Greg Reed, Senior Vice Presidents in Capital One Multifamily Finance’s office in Newport Beach, California, originated the transaction. The 10-year fixed-rate loan is interest-only for the full term. Raintree Partners, a repeat Capital One and Fannie Mae customer, develops, acquires, and owns Class A and B multifamily residential and mixed-use properties in the major West Coast markets, with a particular focus on California.
NEW YORK, NY (February 20, 2020) – Capital One served as the lead bank for a $131.2 million construction loan for the ground-up development of 26 South Division, a 28-story, mixed-use apartment tower in New Rochelle, New York. The sponsor is RXR Realty, a leading real estate owner, operator, and developer in the New York Tri-State Area, that also serves as the Master Developer for the City of New Rochelle. “At a time when prospective renters face difficult trade-offs between quality housing and ease of commute, New Rochelle is a natural extension of the transit-oriented story that has developed in places like Long Island City, portions of Brooklyn, and Jersey City,” said Prithvi Mohan, a Vice President with Capital One’s Commercial Real Estate team who closed the transaction.
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Acquisition | Fannie Mae | Conventional | Multifamily | 369 Units
Financing arranged by: Charlie Mentzer & Brad Waite
Refinance | Balance Sheet | Multifamily | 68 Units
Financing arranged by: Jonathan Hackerman
Acquisition | Freddie Mac | Conventional | Multifamily | 100 Units
Financing arranged by: Andrew Kwok