Capital One Provides $47.2M Refinancing for Chesapeake Commons Apartments in Rancho Cordova

RANCHO CORDOVA, CALIF. — Capital One has provided a $47.2 million refinancing for the 600-unit Chesapeake Commons apartment complex in the Sacramento submarket of Rancho Cordova.

The Wasatch Group has owned the property since February 1997. It has invested in upgrading exteriors, community amenities and individual units.

The seven-year, Fannie Mae fixed-rate loan features full-term, interest-only payments.