Christiana-Meadows-Bear-DE

Capital One Closes $45M Refinancing Loan for Delaware Apartment Complex

by Amy Works

BEAR, DEL. — Capital One has provided a $45 million Fannie Mae loan for the refinancing of Christiana Meadows located at 264 Bear Christiana Road in Bear, a suburb of Wilmington. Developed between 1987 and 1989, the 648-apartment property features an outdoor swimming pool, tennis courts, whirlpool, sauna, fitness center and a clubhouse with a kitchen, wet bar and social center. Individual units feature all electric appliances, including microwaves, full-size washer/dryers; private balconies or patios; spacious floor plans and large closets. Brian Sykes of Capital One originated the 10-year, fixed-rate loan for the borrower, Commonwealth/Emory Hill Management.

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