Dwight Capital Closed $166.53MM In HUD Financing for a Portfolio of Seven Multifamily Properties in Southern California

Dwight Capital closed $166.53MM in HUD 223(f) loans for seven apartment complexes located in Fontana, Indio, Long Beach, Ontario, and San Bernardino, California. The properties within the portfolio are Aventerra I Apartments, Aventerra II Apartments, Citrus Breeze, Encanto Apartments, Seapointe Village, Tuscany Apartments, and Woodmere Apartments. Together they are comprised of 1,154 units, featuring balconies, patios, and walk-in closets. Their community amenities include clubhouses, pools, fitness centers, spas, and onsite parking. Five of the complexes are green/energy efficient and five qualify as affordable housing. Managing Director, Kevin Lifshitz, and Jack Tawil originated these transactions for the borrower, Capital Foresight.