Natixis Corporate & Investment Banking originated a $70.01 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, Maryland.
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Built in 1990, the 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 Property is located at the nexus of I-270 and I-70 providing convenient access to Washington, D.C. and Baltimore. Residents at the Property have connectivity to Suburban Maryland’s reputable employers via the I-270, including the National Institutes of Health, US Department of Energy and private biotech firms in the I-270 Technology Corridor.
The Property is located just minutes from Fort Detrick, a military biotechnical research facility in the United States employing over 10,000 employees.
Rose Valley Capital is a full-service owner and asset management company headquartered in Brooklyn, New York. The firm currently manages over 10,000 multifamily units and 2 million square feet of commercial space.
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The financing was arranged by Morris Betesh and Alex Bailken of Meridian Capital.
Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.
Our teams of experts in 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. We are committed to supporting the environmental transition by aligning our financing balance sheet with a +1.5°C trajectory by 2050.
As part of the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor’s: A, Moody’s: A1, Fitch: A+, R&I: A+).
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