LONGMONT, CO—Capital One Multifamily Financehas provided a $11.1 million 223(f) HUD loan torefinance Grandview Meadows Phase II, a 120-unitgarden-style apartment complex here. The transaction was originatedby Chuck Christensen, senior vice president oforiginations headquartered in Capital One Multifamily's NewportBeach, California office.

M. Timm Development, Inc., the sponsor, is afully integrated real estate development company founded in 1984.This was Timm's second transaction with Capital One Multifamily inless than a year.

Grandview Meadows II was built in 2002 andconsists of eight, two-story residential buildings. It is thesecond phase of a multi-phase apartment project currentlycontaining 434 units that Timm began developing in2000. Grandview Meadows II amenities include a clubhouse, fitnesscenter, two swimming pools, hot tub, picnic area and playground.The complex's superior amenities, excellent condition, and location10 miles from Boulder and 30 miles from Denverhave driven extremely high average occupancy over the past threeyears.