ACRES Capital Corp. has originated a $83.725 million loan to fund the construction and stabilization of Residences at East Church, located at 605 East Church Street in Frederick, Maryland.
Frederick County has become known as a leading national location for the bioscience industry and is home to numerous prominent employers, including Fort Detrick. Residences at East Church will also be bolstered by its vicinity to both Baltimore and Washington DC and is a 15-minute walk from Downtown Frederick, which features eclectic coffee shops, high-end dining, and craft breweries.
Residences at East Church will feature:
The property’s top-quality exterior, interior, and amenity finishes will put Residences at East Church at the top of the competitive market for multifamily.