Dealmaker: M&T RCC Closes $25M Bridge Financing for New Jersey Property

(Image courtesy of M&T RCC)

M&T Realty Capital Corp., Baltimore, closed a $25 million bridge loan in partnership with Eminent Capital, Lakewood, N.J. The loan will support the acquisition and lease-up stabilization of a newly constructed multifamily community in Burlington, N.J.

The bridge financing will support Eminent Capital’s business plan to continue leasing operations and achieve stabilization prior to a permanent refinancing. The transaction reflects continued demand for flexible, transitional capital solutions for new-construction assets entering lease-up in supply constrained suburban markets across the Mid-Atlantic.

Abe Wurzberger of Rosewood Realty Group represented the borrower as the capital markets adviser for the transaction.

The property–Rancocas Pointe Apartments–features 140 units and was completed in 2025. It’s located in the Philadelphia suburbs.

Mike Casey, senior vice president at M&T RCC, originated the loan, “Rancocas Pointe is a well-located, newly built community, and we were pleased to provide a financing solution that aligns with Eminent Capital’s timeline while positioning the property for long-term success,” he said.

Eminent Capital is a new partner to M&T RCC.