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 […]
Originated a $50.2MM First Mortgage Loan to a repeat Borrower with proceeds used to finance the construction of a five-building, 306-unit multifamily development in Madison, WI. The project is one of only two residential sites in a large 447-acre master-planned community that contains the headquarters for American Family Insurance, several other large corporate users, and […]
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 […]
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 […]
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 […]
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.