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Capital One Refi’s Anaheim MF for $44M
McLean, VA-based Capital One provided a $43.5 million Fannie Mae fixed-rate loan to refinance Amberway Apartments, a 272-unit, garden-style community in Anaheim, CA. The 10-year, fixed-rate loan has five years of interest-only payments, followed by amortization on a 30-year schedule.
Capital One’s Kristen Croxton and Greg Reed originated the transaction. The property will continue to be managed by Orange County-based Greenwood & McKenzie, on behalf of an undisclosed borrower.
“The transaction was complicated by a large defeasance penalty on the existing loan,” Croxton noted. “The challenge was to offset the effects of the penalty in order to meet the client’s investment objectives.”
Constructed in 1983, the property offered sufficient opportunities for both water and energy savings, qualifying it for a lower rate and higher loan proceeds under Fannie Mae’s Green Rewards program.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing




