$15.8 Million – Anaheim, CA
CAPITAL ONE CLOSES $15.8 MILLION FANNIE MAE LOAN TO REFINANCE ORANGE COUNTY MANUFACTURED HOUSING COMMUNITY
October 10, 2016 BETHESDA, MD – Capital One announced today that it has provided a $15.8 million Fannie Mae structured adjustable rate loan to refinance Rio Vista Mobile Estates, an all-age, 200-space manufactured housing community (MHC) in Anaheim, California. Senior Vice President Chad Thomas Hagwood originated the transaction. Hagwood leads Capital One Multifamily Finance’s Southeast region out of the Birmingham, Alabama, office.
The 10-year loan is being amortized on a 25-year schedule. The borrower, Anaheim Associates, L.P., will use the proceeds to retire higher-rate Fannie Mae debt, cash out equity, and finance improvements to the property as dictated by its ground lease.
Capital One Multifamily Finance is a leader in providing creative and timely financing solutions to the MHC industry nationwide. With specialized expertise in Agency finance—including Fannie Mae, Freddie Mac and FHA—the Multifamily team is uniquely positioned to provide borrowers with the best possible solutions for their evolving needs.
“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.