Senior Housing Project Secures $90.5 Million in Financing from Capital One

Key financing has been arranged for the development of a 97-unit affordable housing community for older adults in Oakland, California.

Capital One announced that it has closed $90.5 million in financing for the construction of Chinatown TOD Senior Housing. The community is being developed by East Bay Asian Local Development Corp. (EBALDC), the largest nonprofit provider of affordable housing in the city.