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Rubenstein Mortgage Capital Announces $37.8M Financing For Esplanade At Southpark In Charlotte, Nc

by benzinga.com posted 2weeks ago 34 views
CHARLOTTE, N.C., Nov. 10, 2021 /PRNewswire/ -- Rubenstein Mortgage Capital (including its affiliates, "RMC"), a private mortgage lending platform focused on debt investments secured by U.S. transitional office assets, announced that one of its affiliates funded a $37.8 million first mortgage loan collateralized by Esplanade at SouthPark, a 213,324-square-foot, Class-A office building located at 2101 Rexford Road, in Charlotte, North Carolina. RMC provided the borrower with an initial $28 million at closing to refinance the property's existing loan and up to $9.8 million of future funding for capital improvements and leasing costs.