Capital One announced that it has provided a $15.8 million Fannie Mae structured adjustable rate loan to refinance Rio Vista Mobile Estates, an all-age, 200-space manufactured housing community (MHC) in Anaheim, California. Senior Vice President Chad Thomas Hagwood originated the transaction. Hagwood leads Capital One Multifamily Finance’s Southeast region out of the Birmingham, Alabama, office.

The 10-year loan is being amortized on a 25-year schedule. The borrower, Anaheim Associates, 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 solutions to the MHC industry nationwide. With specialized expertise in Agency finance—including Fannie Mae, Freddie Mac and FHA—the Multifamily team is uniquely positioned to provide borrowers with the best possible solutions 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 President for Originations, manages the Southeastern region for Capital One Multifamily Finance and is based in the company’s Birmingham office.  Hagwood is actively involved in the origination of multifamily, manufactured home communities and commercial real estate debt financing throughout the nation.  Over the course of his career, Hagwood has closed in excess of $7 billion in commercial real estate transactions.