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Washington DC & Mid-Atlantic  + DC Metro  + Apartments  |  October 17, 2023
Emily Fu
By: Emily Fu

Capital One Provides $36M for VA Affordable Housing 

Capital One has provided a $36 million Freddie Mac loan to support Spira Equity Partners’ acquisition of Lafayette Apartments, a 340-unit affordable housing rental property in Alexandria, Virginia.  

The financing aims to preserve the property’s affordability, which is governed by a low-income housing tax credit regulatory agreement. The seven-year floating-rate loan, with three years of interest-only payments, helps ensure long-term affordability.  

The partnership between Spira and Capital One has closed over $400 million in debt. The Capital One team was led by Evan Williams and Harrison Hunt.

Don’t miss real-time key insights from multifamily’s leading power players from Florida, the Southeast, Mid-Atlantic and Gulf Coast next month! Register to attend Connect Apartments 2023 on Nov 29 in Key Biscayne, FL. Click here to register.  

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Inside The Story

Evan Williams

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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