Bulls Capital Partners Secures a $2.85M Refinance of 122-Unit Age-Restricted Apartment Property in Aberdeen, MD

VIENNA, VA -- Bulls Capital Partners LLC, a multifamily financial services provider and Fannie Mae Delegated Underwriting & Servicing (DUS®) lender, today announced it has provided financing to Waterford Group, Inc., in the amount of $2,850,000 for the refinance of Fairbrooke Senior Housing, (top right photo)  a 122-unit apartment complex in Aberdeen, Maryland.

 The property is a mid-rise age-restricted apartment complex built in 1997 with a mixture of one- and two-bedroom units. Property amenities include a laundry facility, leasing office, and a community room.

The loan was directly originated by Mark B. Van Kirk, (bottom right photo)  Chief Operating Officer and Co-Founder of Bulls Capital Partners, LLC.

"We are pleased to provide financing for this well maintained asset, which provides a critical market need for its tenant base," said Herman Bulls, (middle left photo) President and CEO of Bulls Capital Partners.

 "The Waterford Group's commitment to the property's long-term success was a factor in the decision by Bulls Capital Partners and Fannie Mae to provide financing for this high quality asset."

"It was a pleasure to work with Jim Ginsberg, Dave Bramble and the entire Waterford Group team on this transaction," said Van Kirk. "Our team at Bulls Capital Partners and Goldman Sachs Commercial Mortgage Corporation (GSCMC) was able to meet the financial needs of this property and work diligently with Fannie Mae to close this transaction in a timely manner."

"We were happy to be working with Bulls Capital Partners and GSCMC on this refinance, said Ginsberg. "This is a challenging time to seek financing, but a strong team effort allowed us to achieve our objective at a lower rate than we expected."
 
Contacts:
Herman Bulls, President & CEO, Herman.Bulls@bullscapitalpartners.com, phone: (202)256-1814
Mark B. Van Kirk, Co-Founder & COO, mailto:Mark.VanKirk@bullscapitalpartners.com,  phone: (703)283-9700