Samuel Kwadrat Of Rhine Legacy Capital Closes $10.53 Million Bridge Loan For Multifamily In Baltimore

The asset involved in the transaction is a multifamily property located in Baltimore, MD, featuring 139 units and encompassing a total of 132,000 square feet. The loan amount secured for this property is $10,534,000 with a bridge loan type. The lender is Rhine Legacy Capital, which operates as a balance sheet lender. The loan terms reflect a loan-to-cost ratio of 70%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,534,000
• Units: 139
• Square Footage: 132,000
• Lender: Samuel Kwadrat - Rhine Legacy Capital
• Loan Type: Bridge
• Loan Terms: 70% LTC

The transaction was facilitated by Samuel Kwadrat, who represents Rhine Legacy Capital. The lender effectively managed the transaction process from funding to servicing, demonstrating their in-house capabilities to ensure efficiency and reliability throughout the deal.