Capital One Provides $200M in Financing for Four Multifamily Properties in New York, New Jersey

MCLEAN, VA. — Capital One has provided $200 million in financing in separate deals for four multifamily properties totaling roughly 1,300 units in New York and New Jersey. Balance sheet transactions included a refinance of Ramblewood Apartments in Mount Laurel, New Jersey, and a refinance of Mid-Island in Bayshore, New York. Both deals featured fixed-rate loans with full term interest-only payments. Agency transactions included a seven-year, fixed-rate Freddie Mac loan with full-term, interest-only payments to refinance Eagle Rock Apartments at Freehold in Freehold, New Jersey. The team also arranged a Freddie Mac supplemental loan for Vista Point Apartments in Wappinger Falls, New York. Abe Hirsch and Zev Karpel of Meridian Capital Group arranged the loans on behalf of the borrower, Eagle Rock. Todd Phillips and Michael Maidhof led the transactions for Capital One.