Multifamily Development
Austin, TX

Originated a $36.9MM First Mortgage Loan to finance the construction of a 45% complete, 146-unit multifamily property in Austin, TX for a local, vertically integrated Sponsor. RMWC was able to provide an attractive alternative to traditional relationship bank financing. The property is well-positioned in East Austin just five minutes from The University of Texas, ten minutes from Downtown Austin, and adjacent to a master-planned community with 750k SF of retail, 4.5MM SF of commercial space, 6,200 residences, and 90 acres of parks and open space.