Natixis finances $70m Maryland multifamily deal

The bank originated the five-year, floating-rate loan for New York manager Rose Valley Capital.

Natixis Corporate & Investment Banking has originated a $70.01 million, five-year, floating-rate loan to finance the acquisition of a multifamily property in Frederick, Maryland. 

The investment firm – headquartered in Paris with offices across the US, EMEA and Asia Pacific – provided the loan to Rose Valley Capital, an affiliate of Brooklyn, New York-based manager Hampshire Properties. Rose Valley Capital currently manages over 10,000 multifamily units and 2 million square feet of commercial space.

The Fields at Rock Creek is a 314-unit, Class A residential property comprising a mix of one-bedroom, two-bedroom and three-bedroom apartments. It also offers an array of amenities and is near connections to Washington, DC, and Baltimore.

The financing was arranged by Meridian Capital.