NEW YORK, NY - Dwight Capital is pleased to announce another successful month with multifamily closings totaling $66 MM. Featured among June’s transactions are a $14.45 MM bridge loan on Woodside Meadow Apartments in MI, and a $23.8 MM 223(f) loan on Oxford at Estonia Apartments in TX.
Woodside Meadows Apartments is a 350-unit garden style apartment community located in Lansing, MI. The property consists of over 325,000 square feet and is situated 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.
Oxford at Estonia Apartments is a 296-unit garden-style apartment community built in 2005 and sits on 18-acres in San Antonio, TX. 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.
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