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Washington DC & Mid-Atlantic  + Maryland  + Apartments  |  July 23, 2026
Jasmine Kilman
By: Jasmine Kilman

RIPCO Real Estate Arranges $28M Bridge Loan for College Park Multifamily

RIPCO Real Estate announced it has successfully arranged a $28.3 million bridge loan for The Arbor College Park, a 134-unit multifamily community located at 4800 Berwyn House Road in College Park, Maryland.

The financing represents a modified bridge upsizing with RMWC, the same lender that provided the property’s original $25.4 million bridge loan arranged by RIPCO in December 2024.RIPCO’s Executive Managing Director, Adam Hakim and Managing Director, James Murad, represented Cape Advisors in securing the financing, which will support the property’s transition from redevelopment to lease-up.

Originally acquired in late 2024, the asset has been comprehensively repositioned from student housing into a modern multifamily community. Located adjacent to the University of Maryland on a 4.25-acre site, The Arbor College Park features 134 newly renovated studio, one- and two-bedroom apartments with modern finishes, an expanded fitness center with sauna, co-working spaces, resident lounges, landscaped outdoor amenities and upgraded building infrastructure.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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