REBusinessOnline

ROCK CREEK TERRACE OWNER LANDS LOAN FOR $35.11 MILLION

ROCKVILLE, MD. — Holly Bray of Washington, D.C.-based Love Funding has arranged a $35.11 million loan for the refinancing of the 526-unit Rock Creek Terrace Apartments. Located at 12630 Veirs Rd. in Rockville, the complex spans 774,061 square feet. Apartment amenities include a pool, two playgrounds, an adult education center and a youth center. The 35-year loan, which was financed using the HUD 223(f) program, comes with a 6.2 percent fixed interest rate.

Content Partners
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