NEW YORK–(BUSINESS WIRE)–Jul 9, 2019–
Dwight Capital is pleased to announce another successful month with closings surpassing $73.7 MM. Featured closings include a $23.8 MM 223(f) loan on Oxford at Estonia Apartments in TX, and a $14.45 MM bridge loan on Woodside Meadow Apartments in MI.
Oxford at Estonia Apartments is a 296-unit garden-style apartment community that is situated on 18-acres in San Antonio, TX. Built in 2005, the gated community is conveniently located near multiple schools and features a state-of-the-art fitness center and swimming pools. With Dwight’s assistance, the project qualified for HUD’s Green MIP program, which provides a financial incentive for the owner given the project’s history of energy efficient consumption. This loan was originated by Managing Director, Brandon Baksh, and Originator, Brian Yee.
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Woodside Meadow Apartments is a 350-unit garden style apartment community located in Lansing, MI. The property consists of over 325,000 square feet and it sits on nearly 37-acres. It includes amenities such as a clubhouse, swimming pool, and fitness center. A portion of the financing for Woodside Meadows will be put towards significant renovations to upgrade all units, common areas, and several external features. Managing Directors, Kevin Lifshitz and Josh Hoffman, originated the loan.
In addition to Dwight’s multifamily loans, $7.75 MM was closed in healthcare financing for a portfolio in TN.
Dwight Capital is a leader in commercial real estate finance and is one of the largest FHA/HUD lenders for multifamily and healthcare properties in the United States. Dwight has led the industry as a top-5 Multifamily & Healthcare HUD lender by both transactions and dollar amount over the past four years. Our range of services include commercial lending across a variety of platforms such as Bridge, CLO, USDA, Mezzanine, and Preferred-Equity for both stabilized and new-construction properties.
For more information about Dwight Capital, please visit: www.dwightcapital.com
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CONTACT: Dwight Capital
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE BANKING COMMERCIAL BUILDING & REAL ESTATE URBAN PLANNING CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES FINANCE OTHER CONSTRUCTION & PROPERTY
SOURCE: Dwight Capital
Copyright Business Wire 2019.
PUB: 07/09/2019 08:30 AM/DISC: 07/09/2019 08:31 AM
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