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Capital One Closes Fannie Mae Loan for Atlanta-Area MF
Capital One provided a $22.6-million Fannie Mae fixed-rate loan for The Parc at 1875, an Atlanta-area property. The unnamed borrower used the loan to acquire the 352-unit apartment community in College Park, GA, 10 miles south of Atlanta.
The 12-year fixed-rate loan has four years of interest-only payments, followed by amortization on a 30-year schedule. This is the sponsor’s first loan with Capital One.
Aline Capital, LLC’s Scott Williams, the debt broker for the transaction, says, “In addition to closing the loan in just 39 days, [Capital One] structured a streamlined rate lock to protect against market volatility and were able to increase the loan amount after we rate locked.”
The seller, First Communities, had invested approximately $2 million in upgrading the community over the last two years. Developed in 1988, the asset has a clubhouse with fitness center, a pool, and a sports court.
Capital One Multifamily Finance’s Vincent Punzi originated the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition

