RCP Companies Secures $62M to Construct Southeast’s First Net-Zero Multifamily
Huntsville, AL-based RCP Companies has secured $62.1 million in construction financing for development of The Wellory, a 328-unit multifamily property located in the MidCity District of Huntsville.
Randy Wolfe and Drew Markley of capital markets resource Northmarq sourced the financing on behalf of RCP Companies, a repeat client, through a major regional bank.
The Wellory will sit above 13,582 square feet of street level-retail space that will tie into the master plan of the MidCity District. According to Northmarq, the property is destined to be the first “net-zero” multifamily development in the Southeast US, producing net-zero zero energy consumption with Platinum level LEED rating.
Featured amenities at The Wellory include a sixth-floor sky lounge and club room, resort style pool, landscaped courtyard, fitness center, fifth level rooftop terrace, and coworking spaces in the resident lobby.