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RCP Companies has secured $62.1 million to construct The Wellory apartments located in the MidCity District of Huntsville, AL.

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.

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Inside The Story

Northmarq's Wolfe

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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