Issue link: https://read.dmtmag.com/i/743328
NOVEMBER 2016 8 THE JOURNAL No. 5 on Get It Quick Page Capital One announced today that it has provided a $15.8 million Fannie Mae structured adjustable rate loan to refinance Rio Vista Mo- bile Estates, an all-age, 200-space manufac- tured housing community (MHC) in Anaheim, California. Senior Vice President Chad Thomas Hagwood originated the transaction. Hagwood leads Capital One Multifamily Finance's South- east region out of the Birmingham, Alabama, office. The 10-year loan is being amortized on a 25- year schedule. The borrower, Anaheim Asso- ciates, L.P., will use the proceeds to retire higher-rate Fannie Mae debt, cash out equity, and finance improvements to the property as dictated by its ground lease. Capital One Multifamily Finance is a leader in providing creative and timely financing solu- tions to the MHC industry nationwide. With specialized expertise in Agency finance—in- cluding Fannie Mae, Freddie Mac and FHA— the Multifamily team is uniquely positioned to provide borrowers with the best possible solu- tions for their evolving needs. Capital One Bank's Commercial Real Estate Group offers a comprehensive array of financing solutions for property owners and developers nationwide, including balance sheet and agency lending. Additional information can be found at www.capitalonemultifamily.com. Chad Thomas Hagwood, Senior Vice Presi- dent for Originations, manages the Southeast- ern region for Capital One Multifamily Finance and is based in the company's Birmingham of- fice. Hagwood is actively involved in the orig- ination of multifamily, manufactured home communities and commercial real estate debt fi- nancing throughout the nation. Capital One Closes $15.8 Million Fannie Mae Loan to Refinance Orange County Manufactured Housing Community v i s i t our website Visit our website. You can view our current issue as well as back issues, download our media package and subscription form, see our Editorial Calendar and Industry Links, plus more. tel: 706-655-2333 news@journalmfdhousing.com THE JOURNAL The Magazine for Manufactured & Modular Housing Professionals journalmfdhousing.com