RPC Realty Capital Secures $26 Million Construction Loan for Student Housing Project at James Madison University

Altitude at Stone Port will offer 425 beds near James Madison University in Harrisonburg, Virginia. Altitude at Stone Port will offer 425 beds near James Madison University in Harrisonburg, Virginia.

Harrisonburg, Va. — RPC Realty Capital LLC has secured a $26 million loan for the development of Altitude at Stone Port, a 425-bed student housing community located near James Madison University in Harrisonburg.

Steven Walker of RPC Realty Capital arranged the construction loan through Sonabank. The project will feature two wings connected by a 12,000-square-foot clubhouse with a rooftop deck and study lounges. RPC Realty Capital is a mortgage broker, and the lead developer for the project.

More News