Capital One Closes $91M in Financing for SoCal Apartment Duo

Capital One has provided a pair of variable-rate Freddie Mac loans to Raintree Partners, totaling $91 million. The funding consists of $77 million to refinance Colony Parc, a 272-unit community in Ventura, CA and a $14M, four-year coterminous loan for Hensley at Corona Pointe (pictured), a 628-unit complex in the Inland Empire city of Corona, CA.

“We worked alongside Raintree, a repeat Capital One and Freddie Mac sponsor, to best position their plans for continued improvement and investment across these two properties,” said Capital One’s Kristen Croxton who originated the transactions, along with Greg Reed and Tina Quirin. 

Raintree acquired the Corona property at the end of 2021 and assumed the existing Freddie Mac loan. The supplemental financing allows the company to continue renovating the community. At the Ventura property, Raintree will use the refi proceeds to continue improving the units and add exterior upgrades as well.