Taft Family Ventures Secures $70.5M Bridge Loan From RXR Realty For 241-Unit Project
1351 East Woodlawn Road
$70,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2025
AI
The asset involved in this transaction is a multifamily property located at 1351 East Woodlawn Road in Charlotte, NC. It consists of 241 units and is newly completed. The loan amount associated with this property is $70,500,000, categorized as a bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $70,500,000
- Address: 1351 East Woodlawn Road
- Market: Charlotte, NC
- Lender: Steven Schwartz - RXR Realty
- Landlord: Taft Family Ventures
- Loan Type: Bridge
Taft Family Ventures has secured financing through RXR Realty, specifically for refinancing their recently completed multifamily project consisting of 241 units, known as Adler Montford Park. Steven Schwartz from RXR Realty is the lender facilitating this transaction.
Players
Charlotte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93