Join today and have your say! It’s FREE!
We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}

Join today with :

or

By providing my email, I consent to receiving investment related electronic messages from Stockhouse.
Sign in with existing account
Please Try Again
{{ error }}

Sign In With :

or

Password Hint : {{passwordHint}}
Forgot Password?
Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Dwight Capital Closes Loans in Excess of $163.96 MM in September 2019

NEW YORK

Dwight Capital is pleased to announce another successful month with closings surpassing $163.96 MM. Featured among Dwight’s September closings are HUD 223(f) loans on Autumn Creek Apartments, The Meadows at Elk Creek, and The Village at Wildcreek.

Dwight’s Executive VP, Keith Hoffman, originated the $29.76 MM HUD 223(f) loan for Autumn Creek Apartments, a 228-unit luxurious market-rate apartment complex in East Amherst, New York. The property was built in 2001 and sits on 22-acres. Autumn Creek earned an Energy Star score of 98, qualifying as Green/Energy Efficient Housing, thus receiving a reduced MIP of 0.25%. It was also ranked among the nation’s top-rated apartment communities in 2018 for its outstanding resident experience.

The $17 MM HUD 223(f) loan for The Meadows at Elk Creek, a 200-unit garden-style apartment complex located in Elkton, Maryland, was originated by Managing Director, Kevin Lifshitz, and refinanced a Dwight bridge loan. The mortgage includes a 0.25% MIP reduction for achieving Green Energy Efficient Housing standards.

Managing Director, Josh Hoffman, originated the $36.5 MM HUD 223(f) loan on The Village at Wildcreek, a 240-unit garden-style apartment complex located in Sparks, Nevada. Built in 2001, the property sits on a 13.36-acre lot with convenient transportation access. This property also qualified as Green/Energy Efficient Housing and received an MIP reduction of 0.25%. This refinance also allowed the borrower to complete unit renovations.

In addition to Dwight’s multifamily loans, $18.4 MM was closed in financing for healthcare properties.

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, USDA, Mezzanine, and Preferred-Equity for both stabilized and new-construction properties.

For more information about Dwight Capital, please visit: www.dwightcapital.com

Dwight Capital
Lindsay Morrison
lm@dwightcap.com

Tags:




×

StockTalk
Get our FREE StockTalk Investor Guides by sector as they are released!

Stay on top of sector specific news, get industry leaders insights and our best content, delivered to your email.

You are already a member! Please enter your password to sign in.