
$10,534,000
Multifamily · Baltimore, Maryland
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
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
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