Select Transactions

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.

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.

Originated a $33.50MM First Mortgage Loan to refinance a 256-unit multifamily property in downtown Jackson, MS. Proceeds were used for a cash-in refinance of the Sponsor’s existing first mortgage, and to fund reserves for tenant improvements, leasing commissions, and transaction costs. The Sponsor plans to re-tenant the asset with a mix of market-rate and student housing tied to a master lease with Jackson State University. The Property benefits from notable medical and education employers in the market, including the University of Mississippi Medical Center and Jackson State University.

Originated a $19.00MM First Mortgage Loan to refinance a 110-unit recently completed multifamily development currently in lease up in Atlanta, GA. The Property is centrally located in the historic Old Fourth Ward neighborhood, 1.5 miles from Downtown Atlanta and within close proximity to the community hub, Ponce City Market, and the multi-use trail loop, Atlanta Beltline.  

Originated a $20.00MM First Mortgage Loan to refinance a recently completed 69-unit multifamily development in Kearny, NJ. The Property is well located, two miles from the Harrison PATH station providing access to Manhattan in 35 minutes, less than 20 minutes from downtown Newark NJ, and has direct access to major highways such as I-95 and I-280.

Originated a $208.00MM First Mortgage Loan to finance the construction of an 86-unit luxury condominium tower in Sarasota, FL that will feature unobstructed views of Sarasota Bay, The Bay Park, and Downtown Sarasota. The Sponsor is a repeat borrower with a proven track record that has demonstrated demand for the Project having presold over 60% of the units prior to loan closing. 

Originated a $31.50MM First Mortgage Loan to recapitalize and finance the remaining construction of a 70% complete, 149-unit multifamily development in Salt Lake City, UT. The Project is in Salt Lake City’s Fairpark neighborhood, with a unit mix comprised of 29 micro units, 25 studios, 71 one-bedrooms, and 24 two-bedrooms. The community amenities include a fitness center, rooftop deck, community courtyard, resident social lounge, and covered parking.

Originated a $15.0MM First Mortgage Loan to refinance a 0.88-acre site in Miami, FL, zoned as of right for multifamily or condominium development. The loan refinanced an existing loan, fund shortfall, property tax, and insurance reserves and cover closing costs. The Property is a rare development site in the Arts and Entertainment District, situated near shopping, dining, and retail attractions including the Adrienne Arsht Performing Arts Center, Miami World Center, Maurice A. Ferre Park, and Kaseya Center.