NEW YORK–Capital One Bank has provided loans totaling $74 million to refinance two Houston apartment complexes, the San Cierra Apartments, a 362-unit garden-style complex, and North Post Oak Lofts, a 330-unit mid-rise. John Reichenbach, senior vice president and south-central market manager, and Clay Wright, senior vice president and relationship manager in Capital One Commercial Real Estate’s Houston office, originated the transaction. 

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

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