Natixis Corporate & Investment Banking originated $73.63 million, in five-year, floating-rate financing to subsidiaries of Rose Valley Capital, an affiliate of Hampshire Properties, to finance the acquisition of Mansion at Bala, a 276-unit, Class A multifamily property located in Philadelphia.
Built in 2010, the property includes a mix of one-bedroom, two-bedroom and three-bedroom apartments with an average unit size of 1,059 square feet. Community amenities include a resident’s clubhouse, business center, fitness room, outdoor swimming pool and parking garage.
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The property is situated along City Avenue and adjacent to Bala Cynwyd, one of suburban Philadelphia’s main line communities.
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 Robert Lipson, TJ Piper and Jeremy Lynch from Berkadia Commercial Mortgage.
About Natixis Corporate & Investment Banking
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.
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