Multifamily Development
Aberdeen, MD

Originated a $49.95MM First Mortgage acquisition and construction loan to finance the construction of a 288-unit multifamily development in Aberdeen, MD. The property is adjacent to The Aberdeen IronBirds Stadium (Orioles minor league affiliate) with direct access to I-95, The Aberdeen Amtrak/MARC station, Aberdeen Proving Ground, and a growing employer base. At closing, RMWC advanced proceeds to finance the Sponsor’s land acquisition after their sale of a separate, unrelated property and source of equity was delayed.