Select Transactions

  • Land Pre-Development Suffolk County, NY

    $30,000,000

    Land Pre-Development in Suffolk County, NY

    A $30MM First Mortgage (70%+ LTC) secured by the fee simple interest in a 114-acre development parcel located in Suffolk County, NY. The loan was used to complete an assemblage of the property pay transaction costs, and fund carry, debt service and predevelopment reserves. The Borrower’s business plan during the term of the loan is to pursue a re-zoning from single family 1-acre lots to multi-family zoning.

  • Multi-Family Recapitalization Fort Lauderdale, FL

    $8,500,000

    Multi-family Recapitalization in Fort Lauderdale, FL

    Originated an $8.5MM Preferred Equity Investment on a 639-unit residential building in downtown Fort Lauderdale, FL. Proceeds were used cover cost overruns and carry costs as the property continues to lease up to stabilization. The financing was provided to a repeat borrower and supplemented existing debt of $166MM. The Borrower sought a fast-paced lender with certainty of execution and RMWC was able to close on the transaction within the desired timeframe.

  • Retail Development Las Vegas, NV

    $3,400,000

    Retail Development in Las Vegas, NV

    A $3.40MM First Mortgage (91% LTC) secured by the fee simple interest in a 1.4-acre development parcel located in Las Vegas, NV. The loan was used to refinance existing debt and fund the construction of two preleased, independent retail buildings. The property had NNN long-term leases in place with two strong corporate tenants that would take occupancy upon construction completion.

  • Multi-Family Acquisition Mooresville, NC

    $2,600,000

    Multi-family Acquisition in Mooresville, NC

    A $2.60MM Mezzanine Loan secured by a pledge of Borrower’s equity interest in Class B, 200’s vintage, 201 unit garden-style multi-family property in Mooresvile, NC, an affluent suburb 30-miles north of Charlotte. The Borrower used the proceeds to acquire the Property and fund future capital expenditures. The Borrower’s business plan included renovating the Property and increasing its curb appeal to drive increased rents.

  • Hotel Acquisition Calistoga, CA

    $4,000,000

    Hotel Acquisition in Calistoga, CA

    A $4.00MM First Mortgage B-Note to finance the acquisition of a historic, family run hotel and spa located in Calistoga, CA. The Borrower is a seasoned Napa Valley operator/owner and sought a bridge loan that allowed them to acquire the Property, shut down operations and complete comprehensive renovations as well as add additional units to a hotel that has not seen major renovations for over 30 years.

  • Condominium Recapitalization Boca Raton, FL

    $19,000,000

    Condominium Inventory Loan in Boca Raton, FL

    Originated a $19.00MM First Mortgage secured by the fee simple interest in the remaining 25 unsold units of a newly constructed luxury 129-unit condominium building located in Boca Raton, FL. The loan was used to refinance maturing debt on the remaining inventory of the Property at which 81% has already been sold out.

  • Mixed Use Development Austin, TX

    $4,250,000

    Mixed Use Development in Austin, TX

    A $4.25MM Mezzanine Loan to finance the construction of a mixed-use office and retail development in Austin, TX. The loan proceeds, along with $14.00MM of senior debt, were used to acquire the property, complete construction, and stabilize the property. The Property will feature flexible office space, live/work units, and retail space.

  • Multi-Family Bridge Baltimore, MD

    $7,500,000

    Multi-family Bridge Loan in Baltimore, MD

    Originated a $7.50MM First Mortgage secured by the fee simple interests in a 152-unit multi-family building in South Baltimore/Federal Hill area of Baltimore, MD. The Borrower sought a fast-paced lender with certainty of execution and RMWC was able to close on the transaction within 10 days.