Rose Valley Capital Acquires Frederick Multifamily with $70M Financing
Natixis Corporate & Investment Banking has originated a $70- million, five-year, floating-rate financing to subsidiaries of Rose Valley Capital, an affiliate of Hampshire Properties, to finance the acquisition of The Fields at Rock Creek, a 314-unit, Class A multifamily property located in Frederick, MD.
The financing was arranged by Morris Betesh and Alex Bailken of Meridian Capital.
The 1990-constructed property includes a mix of one-bedroom, two-bedroom and three-bedroom apartments with an average unit size of 921 square feet. Community amenities include a resident clubhouse, business center, fitness center and an outdoor swimming pool and sundeck.
The Fields at Rock Creek is located at the nexus of I-270 and I-70 for access to Washington, DC and Baltimore and minutes from Fort Detrick, a military biotechnical research facility in the United States employing over 10,000 employees.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.