Pensam Provides a $5MM Preferred Equity Investment for Apartments in Baltimore, Maryland

03 December 2020
The Falls at Roland Park

Pensam, one of the nation’s most active real estate multifamily lenders and investors, announced today that it has provided a $5 million preferred equity investment for the acquisition of The Falls at Roland Park, 234-unit apartment community located in Baltimore, Maryland. 

“This unique property provides us with an exciting opportunity to expand our footprint in the Baltimore market,” said Hen Shoval, Principal and Director of Investments at Pensam. “Through the recent market headwinds, Pensam has continued to invest preferred equity for multifamily assets. We are one of the most active preferred equity investors behind Freddie Mac and Fannie Mae senior debt.”

Built in 1965, The Falls at Roland Park is located in the Poplar Hills submarket of Baltimore. The area’s median income surpasses $100,000 and the median home values are more than $400,000. The property benefits from its close proximity to downtown Baltimore and John Hopkins University, a prestigious college that is also the largest employer in Baltimore.

Pensam provides capital to borrowers seeking support to implement their property business plans, including lease-ups, recapitalizations, value-add strategies, transitional repositioning and stabilizing asset operations. Loans are tailored to address each client's needs, while facilitating timely closings.