SEATTLE — Capital One has provided a $118.3 million Fannie Mae adjustable-rate loan to an investment vehicle managed by Seattle-based alternative investment firm Columbia Pacific Advisors.
The proceeds were used to acquire fee interest in a four-property portfolio of independent living communities in California, Massachusetts and North Carolina.
The portfolio consists of El Dorado Estates in El Dorado Hills, Calif.; Fairview Estates in Hopkinton, Mass.; Providence Meadows in Charlotte, N.C.; and Williams Place in Davidson, N.C. Together, they total 518 units.