April 26, 2017 Comments Off on Capital One Closes $77M for Three SoCal Assets Views: 407 California News, Orange County

Capital One Closes $77M for Three SoCal Assets

Capital One provided $76.7 million in Fannie Mae loans for three SoCal properties to Kort & Scott Financial Group. The financing was used to refinance a manufactured housing community, acquire an apartment community and to refinance an apartment community.

The deals included:

  • A $42.6-million Fannie Mae structured adjustable rate loan for the acquisition of IMT MetroPointe, a 249-unit apartment community in Norwalk, CA. The 10-year flexible-rate loan has five years of interest-only payments, followed by amortization on a 30-year schedule. Capital One financed this transaction under Fannie Mae’s Green Rewards Mortgage Loan program.
  • An $18.7-million Fannie Mae structured adjustable rate loan to refinance Sepulveda Apartments, a 98-unit apartment community in Van Nuys, CA.
  • A $15.4-million Fannie Mae structured adjustable rate loan which refinanced Thunderbird Mobile Home Park, a 103-space manufactured housing community in Garden Grove, CA.

Capital One Multifamily Finance’s Chad Thomas Hagwood originated the transactions.

Connect With Capital One’s Hagwood

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