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CAPITAL ONE CLOSES $70M ACQUISITION LOAN FOR FAIRFAX APARTMENT COMPLEX

FAIRFAX, VA. — Capital One Multifamily Finance has provided a $70 million Fannie Mae fixed-rate loan for the acquisition of Wheelhouse of Fair Oaks, a 491-unit apartment community in Fairfax. The property’s amenity package includes a clubhouse, swimming pool and sundeck, 24-hour fitness center, tennis court, racquetball court and private lake. Sadhvi Subramanian and Brian Gormley of Capital One Commercial Real Estate originated the five-year loan with five years of interest-only payments and a 30-year amortization schedule.

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