NEW YORK--Capital One Bank has provided loanstotaling $74 million to refinance two Houston apartment complexes,the San Cierra Apartments, a 362-unit garden-stylecomplex, and North Post Oak Lofts, a 330-unitmid-rise. John Reichenbach, senior vice presidentand south-central market manager, and Clay Wright,senior vice president and relationship manager in Capital OneCommercial Real Estate's Houston office, originated thetransaction.

The sponsor, Sueba USA, has developed 8,400apartment units over the past 30 years, along with several retailand commercial properties. The financing will be used to generatecash proceeds to recapitalize the two complexes.

“We have developed a close and productive working relationshipwith the Sueba team,” says Reichenbach. “The insights we havegained helped us to structure a transaction that complements thecompany's strategic goals.”

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