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Suburban Multifamily

Location:            Newtown Square, PA​

Property Type:  Mid-Rise Apartment Complex

Loan Purpose:   Acquisition / Value Add

Loan Type:         Mezzanine

Loan Size:           $12 Million

Description:  

RCG Longview provided a $12 million mezzanine loan to a Sponsor in order to acquire a newly developed multifamily mid-rise apartment complex outside of Center City, Philadelphia.  The Sponsor intends to re-brand a portion of the property as high-end, full service, furnished, short-term, corporate rentals.