RFM Development Company Secures $42 Million Bridge Loan For The Mill At White House MultFamily

The transaction involves a multi-family asset located at 118 Highway 76 in White House, TN. The property is known as The Mill at White House, comprising 216 luxury apartment units. This bridge loan transaction specifically aims to refinance the existing construction debt associated with the property.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $42,000,000
• Landlord: RFM Development Company
• Market: White House, TN
• Brokers: Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore & Kyle Miller - Walker & Dunlop

Walker & Dunlop arranged the financing through an institutional lender on behalf of RFM Development Co., following their previous refinancing of the property's construction debt in 2022. The involvement of multiple brokers highlights the collaborative effort in securing this significant financial transaction.