This week, RXR Credit Solutions announced that it provided a $70.5 million bridge loan for a 241‑unit in the Montford Park neighborhood just south of downtown Charlotte, North Carolina. The loan was provided to Taft Family Ventures’ to refinance their Adler Montford Park project. This transaction marks RXR’s first multifamily bridge loan in North Carolina, a move made possible by the firm’s 2021 expansion after merging with Hudson Realty Capital.
Steven Schwartz, Executive Vice President and Head of Real Estate Credit at RXR added, “Adler Montford Park embodies the type of high-quality, well-located multifamily asset, paired with an experienced developer in Taft Family Ventures, that aligns perfectly with RXR’s lending strategy.”
