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100 Alessandra Court, Frede...

Rose Valley Capital Refinances Multifamily Property In Frederick, MD For $70M
FINANCEDMultiFamily

Rose Valley Capital Refinances Multifamily Property In Frederick, MD For $70M

100 Alessandra Court, Frederick, Maryland 21702, United States

$70,010,000

Building Size

Asset Type

MultiFamily

Closing

Jul 31, 2022

AI

The multifamily property located at 100 Alessandra Court in Frederick, MD has recently undergone a loan refinance transaction. The property consists of 314 units and sits on an undisclosed number of acres. The transaction involved several key individuals and companies, including lender natixis''>Natixis, represented by Jared Zimmel, and landlord Rose Valley Capital, represented by Daniel Rosenthal. The brokers involved in the deal were Morris Betesh and Alex Bailken from Meridian Capital Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $70,010,000
  • Loan Type: Refinance

The involvement of Natixis as the lender highlights their role in financing the loan for the multifamily property at 100 Alessandra Court. Jared Zimmel represented Natixis in this transaction. Additionally, Rose Valley Capital, led by Daniel Rosenthal, acted as the landlord in this deal. The brokers Morris Betesh and Alex Bailken, from Meridian Capital Group, facilitated the transaction, ensuring a smooth process for all parties involved.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$12.4B

vol

214 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Natixis
NatixisLender
Daniel Rosenthal

Daniel Rosenthal

Rose Valley Capital

Landlord

$151.2M

vol

5 deals

Landlord

Frederick MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93