Issue link: http://read.dmtmag.com/i/335339
JULY 2014 28 THE JOURNAL August 3 - August 5 2014 Multi State Convention, AL-LA-MS-TN Perdido Beach Resort, Orange Beach, AL Contact: Steve Duke (225) 925-9041 August 13 Wisconsin Housing Alliance Manufactured Home Community Basic Training Boot Camp Seminar Comfort Inn & Suites, Madison, WI Contact: Julie Patten (608) 255-3131 August 17 - August 19 Texas MHA Annual Convention J.W. Marriott Hill Country Resort, San Antonio, TX Contact: Caitlin Nauert (512) 459-1221 September 17 - 18 Kansas Manufactured Housing Association Annual Meeting, Newton, KS Contact Martha Neu Smith (785)357-5256 September 19 Ohio Manufactured Housing Association Board Meeting Pinnacle Golf Club, Grove City, OH Contact: Andrea Reichman (614) 799-2340 October 7-8 Florida Manufactured Housing Association Annual Convention Florida Hotel & Conference Center Orlando, FL Contact: Beth Loftus (850) 907-9111 October 9 - October 10 New York Housing Assoc.Annual Convention Turning Stone Resort, Verona, NY Contact: Nancy Geer (800) 721-HOME October 9 - October 10 Arkansas Manufactured Housing Association's 43rd Annual Meeting Marriott Hotel, Little Rock, AR Contact: Vicki Hoover (501)663-8444 October 13 - October 16 WMA Convention and Expo Planet Hollywood Hotel and Casino, Las Vegas, NV Contact: Regina Sanchez (916) 448-7002 November 6 - November 7 Arizona Housing Association's 2014 Annual Convention & Golf Tournament Wild Horse Pass Hotel & Casino Chandler, Arizona Contact Kim Merrill (480) 456-6530 November 9 - November 10 Iowa Manufactured Housing Association 67th Annual Meeting Marriott Hotel, Grand Rapids, IA Contact: Joe Kelly or Becky Kinney (515) 265-1497 Calendar of Events AUGUST SEPTEMBER OCTOBER Capital One Multifamily Finance announced today that it closed a Fannie Mae fixed loan to- taling $5.5 million for the acquisition of Peoria Mobile Estates, a 125-pad manufactured hous- ing community for seniors in Peoria, Arizona. Damon Reed, senior vice president and direc- tor of Capital One Multifamily's manufactured home community (MHC) finance division, originated the deal. The borrower, an affiliate of Saunders and Amos, LLC, is a repeat cus- tomer, with more than 25 years experience ac- quiring, managing, and developing manufactured housing communities. It owns seven MHCs with 947 spaces. "Once I tie up a property, Damon lets me know what I can obtain in terms of financing, and that estimate is always spot on," says Phil Amos, one of the project's sponsors. "Damon and his team are very knowledgeable in this space and easy to work with." Built in 1979, Peoria Mobile Estates is a 4+ rated park with such competitive amenities as a clubhouse, pool, spa, tennis courts, RV stor- age, and shuffleboard. Its homes vary in age from the 1970s to 2000. The neighborhood is primarily residential, and the property is within walking distance of shopping. "I've gotten to know Phil Amos and his team over the last 15 years of working with them," says Reed. "I know how committed they are to their properties, which makes it very easy for me to represent them with Fannie Mae." For- merly as Beech Street, Capital One Multifam- ily was named "Top Manufactured Housing Communities Producer" for 2013 by Fannie Mae. The fixed-rate loan has a 10-year term, 9.5 years of yield maintenance, and two years of in- terest-only payments, followed by 30 years of amortization, payable on an actual/360 basis. Capital One Bank's Commercial Real Estate Group provides financing in markets nation- wide, offering a comprehensive array of solu- tions for property owners and developers, including balance sheet and agency lending, fi- nancing, underwriting, and treasury manage- ment. Additional information about Capital One Multifamily Finance can be found at its newly launched web site —www.capitalone- multifamily.com. About Capital One Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N. A., had $208.3 billion in deposits and $290.5 billion in total assets as of March 31, 2014. Headquartered in McLean, Vir- ginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has more than 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Colum- bia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index. Capital One Closes $5.5 Million Fannie Mae Loan To Acquire Phoenix Area MHC NOVEMBER