FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

Natixis CIB Provides $73.63MM Financing for Acquisition of Philadelphia Multifamily Property

July 01, 2022, 07:00 AM
Filed Under: Real Estate


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.

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.

The financing was arranged by Robert Lipson, TJ Piper and Jeremy Lynch from Berkadia Commercial Mortgage.









Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.