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World Business
June 03, 2021

Dwight Capital Financed $34.38 MM for Blue Ridge Apartment Homes in Midland, TX

Dwight Capital closed $34.38 MM in HUD financing for Blue Ridge Apartment Homes, a 290-unit gated apartment community located in Midland, TX. Built in 2011, the property consists of 15, two- and three-story apartment buildings and 16 ancillary buildings situated on 15.5 acres. Its amenities feature a business center, clubhouse, fitness center, and reserved covered parking. The loan includes a Green Mortgage Insurance Premium (“MIP”) Reduction set at 25 basis points because Blue Ridge Apartment Homes qualifies as green/energy efficient housing. Managing Director, Brandon Baksh, originated this transaction.