Case Study: Multifamily Property Owner in Signature Recapitalization Transaction

Seven Springs Village, a 982-unit apartment community in College Park, Md., needed new debt financing and a new equity partner, in the face of a maturing CMBS loan and the bankruptcy of the owner’s existing equity partner.

The property’s owner, an affiliate of Ross Development & Investment (RDI), brought in Womble Carlyle real estate attorneys Pam Rothenberg, Richard David and Chris Iavarone to help structure, negotiate and document this recapitalization transaction with many moving parts in an extremely challenging market.

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