Capital One provides $91M for Oakland senior affordable housing

Capital One provided $90.5 million in financing for a 97-unit affordable senior housing project that just broke ground this week in Oakland, according to a press release from the Virginia-based bank.

The financing breaks down to a $41.2 million low-income housing tax credit equity investment and a $49.3 million construction loan, according to the release. Enterprise Community Partners served as the tax credit syndicator.