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World Business
April 30, 2021

Dwight Capital Financed $30.14 MM for Atlantic at Parkridge in South Carolina

atlantic at parkridge

Dwight Capital closed $30.14 MM in HUD financing for Atlantic at Parkridge, a 298-unit luxury apartment community located in Irmo, South Carolina. The property consists of 311,723 square feet spread across 11 garden-style apartment buildings. Atlantic at Parkridge’s amenities include a fitness center, club room, fire-pit, outdoor kitchen, saltwater pool, and dog park. The loan includes a Green Mortgage Insurance Premium (“MIP”) Reduction set at 25 basis points because the property is ENERGY STAR certified. Managing Director, Brandon Baksh, and Alex Shoenfeld originated this transaction.