Rhine Legacy Capital Closes $10.53M Bridge Loan for Baltimore Multifamily
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Multifamily

$10,534,000

Multifamily · Baltimore, Maryland

Transaction Details

Loan Amount

$10,534,000

Asset Type

Multifamily

Units

139 units

Square Footage

132,000 SF

Loan Type

Acquisition + Capex

LTC

70%

Transaction Type

Distressed Acquisition

Close Date

December 24, 2024

Overview

Rhine Legacy Capital closed a $10.53M bridge loan on a 139-unit multifamily asset on Garrison Boulevard in Baltimore — a distressed-seller scenario that required a fast close. Rhine funded and serviced the loan in-house, delivering certainty and speed when the seller needed it most.

"This was a distressed seller with a tight closing window. We moved fast — funding the acquisition and capex in a single bridge structure so the sponsor could take down the asset without delay."

Samuel Kwadrat, Managing Partner

Press Coverage
As reported by Traded.coRead Article →
Our Lending Criteria

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Loan Sizes$2M – $20M
LTCUp to 75%–80%
Asset TypesMultifamily, Industrial, Retail, Mixed-Use
TimelineTerm sheets in 24–48 hours

Typical timelines; actual turnaround varies by transaction.

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Rhine Legacy Capital

A national private real estate lending firm specializing in short-term, asset-backed financing. Built on integrity, precision, and speed.

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908-417-7770Info@RhineLegacyCapital.com
211 Boulevard of the Americas
Lakewood, NJ 08701

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