Subjects: FNC, RLE
Natixis Corporate & Investment Banking provides $73.63 million financing for acquisition of Philadelphia multifamily property
NEW YORK, June 29, 2022 /PRNewswire/ -- 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.
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.
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+).
Press contacts:
Tara Flanagan
Prosek Partners
[email protected]
Tel: +1 646 818 9022
SOURCE Natixis
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