$19,500,000

Rhine Legacy Capital closed a $19.5MM bridge loan on a 490-unit multifamily complex in St. Louis, Missouri — a distressed acquisition funded in a very short timeframe with a highly creative structure designed to maximize dollar value against the asset's cost basis and the value the sponsor is creating through a full renovation.

"We closed this deal in a very tight window with a creative structure that maximized every dollar against the asset's cost basis and the value the borrower would create through a full renovation. Rhine funded both the acquisition and the entire renovation scope — giving the sponsor the capital and runway to fully reposition a 490-unit community."

Samuel Kwadrat, Managing Partner