Photo of building in Tuscaloosa, AL

$26,500,000

Student Housing Acquisition
Tuscaloosa, AL

Originated a $26.50MM First Mortgage Loan to finance the acquisition, renovation, and condo conversion of a 228-unit / 628-bed student housing complex located in Tuscaloosa, AL. RMWC was able to provide a creative solution allowing the Sponsor to pivot towards a condominium sellout for an undersupplied market near the University of Alabama.