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Taft Family Ventures Secures $70.5M Bridge Loan From RXR Realty For 241-Unit Project
FINANCED
$70,500,000
North Carolina
See Similar DealsMultiFamily
Financed 11/19/2025
FINANCED
Taft Family Ventures Secures $70.5M Bridge Loan From RXR Realty For 241-Unit Project
1351 East Woodlawn Road
See Similar DealsMultiFamily
Financed 11/19/2025
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$70,500,000.00
Monthly NOI$470,000.00
Monthly Debt Service$445,607.96
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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