$7.5 Million — Atlanta, GA
CAPITAL ONE BIRMINGHAM OFFICE PLACES $7.5 MILLION CMBS LOAN FOR ACQUISITION OF SUBURBAN ATLANTA APARTMENTS
July 6, 2016, BETHESDA, MD – Capital One announced today that it has brokered a $7.5 million fixed-rate loan for the acquisition of Brighton Farms Apartments, a 134-unit community in Newnan, Georgia. Senior Vice President Chad Thomas Hagwood originated the transaction for Capital One and Charles Craig managed the closing of the deal. Hagwood leads Capital One Multifamily Finance’s Southeast region out of the Birmingham, Alabama, office.
The 10-year fixed-rate loan has two years of interest-only payments followed by amortization on a 30-year schedule.
The borrowing structure includes three tenants-in-common. Engel Realty Company, the sponsor and managing T-I-C owner, is one of Alabama’s oldest and largest real estate firms and has played an integral role in the Birmingham real estate community since 1905. Engel manages thousands of multifamily units, more than a million square feet of office and retail space, and extensive commercial/industrial space. The firm is a long-time client of Chad Hagwood and Capital One.
“The Capital One CRE team consistently demonstrates expertise and passion—that commitment translates into creativity, responsiveness, and optimizing the timing and structure of each transaction.”
Michelle Lord, Vice President of Capital Markets, Fairfield Residential Company LLC
*Beech Street is now Capital One Multifamily Finance and our commitment to customer service is even stronger.
Capital One Multifamily Finance is distinguished by its ability to structure multifamily mortgages customized to the precise needs of its clients. We are a Fannie Mae DUS® lender, a Freddie Mac lender, and a FHA HUD lender. Plus, we offer balance sheet financing backed by the full strength of Capital One Commercial Banking. You can count on our team of multifamily mortgage makers to deliver apartment financing smoothly, quickly, and with certainty.