Capital One Originates $6.4M CMBS Acquisition Loan for Florida Apartment Community

FORT WALTON BEACH, FLA. — Capital One Multifamily Finance has originated a $6.4 million fixed-rate loan through an unnamed CMBS lender for the acquisition of Colony House Apartments. The 139-unit, garden-style apartment community is located in Fort Walton Beach. Chad Thomas Hagwood of Capital One Multifamily originated the 10-year loan with three years of interest-only payments and a 30-year amortization schedule on behalf of the borrower, Engel Realty. Jimmy Adams of Multi Housing Advisors’ Birmingham office brokered the sale of Colony House Apartments.