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Boston & New England  + Finance  | 

Capital One Partners with MassHousing on MAP Loans

Capital One will partner with MassHousing in its Multifamily Accelerated Processing  (MAP) lending program, which provides an expedited process for rental housing owners to refinance, renovate and preserve their properties, while extending affordability protections to tenants.  MassHousing selected Capital One as a MAP joint venture partner as a result of a competitive request for proposals.

“Partnering with MassHousing on the MAP program represents an opportunity to leverage the strength of our FHA platform to help provide affordable housing for individuals and families in Massachusetts,” said Drew Ades, SVP at Capital One Multifamily Finance. “We look forward to innovating with MassHousing to address this critical need.”

Capital One joins Rockport Mortgage Corporation and CBRE as a MassHousing MAP JV partner. Since MassHousing became an approved MAP lender in 2015, it has provided more than $1 billion in financing for 44 rental communities in Massachusetts, serving more than 7,500 lower-income senior citizens and households.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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