Saturday, December 21, 2013

HFF arranges financing for multi-housing community in Pasadena, MD


Marley Run Apartments, 8017 Ashberry Lane, Pasadena, MD

Trent Niederberger
CHICAGO, IL – HFF announced it has arranged financing for Marley Run, a 336-unit, garden-style multi-housing community in Pasadena, Maryland.

HFF worked on behalf of the borrower, Stockbridge Capital Group, LLC (“Stockbridge”), to secure the 10-year, 4.50 percent, fixed-rate loan through M&T Bank/Fannie Mae.  Proceeds were used to refinance the property.

Marley Run is located at 8017 Ashberry Lane in Pasadena, Maryland, approximately midway between Annapolis and Baltimore.

 Recently renovated, the 94 percent leased property includes a mixture of one- and two-bedroom units. 

Matthew Schoenfeldt





Community amenities include a resort-style swimming pool and terrace, state-of-the-art fitness center, fenced dog park, playground, clubhouse, illuminated tennis courts and picnic areas.

HFF’s debt placement team representing the borrower was led by Trent Niederberger, Matthew Schoenfeldt and Cary Abod.  

Stockbridge is a fully independent real estate investment management firm led by veteran industry professionals. 

The firm’s portfolio comprises assets across the investment risk spectrum, including core, value-added and opportunistic strategies. 

Cary Abod
Stockbridge has approximately $6.4 billion of assets under management (as of September 30, 2013) spanning all major real estate property types, and certain specialty property types, throughout the United States.



For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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