Photo of red brick building in Baltimore, MD

$16,200,000

Student Housing Acquisition
Baltimore, MD

Originated a $16.20MM First Mortgage Loan to finance the acquisition of a 147-unit student housing property in Baltimore, MD. The Borrower required a time of the essence closing and RMWC was able to close within two weeks while offering limited minimum interest to allow the Borrower to work through a permanent loan takeout. The Property is situated directly on the University of Maryland, Baltimore’s (“UMB”) campus and is near Coppin State, University of Baltimore and Johns Hopkins University.