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 […]
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 […]
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 […]