January 07, 2022
Dwight Capital Financed $48.24 MM for The Farmstead Apartments in Idaho
Dwight Capital provided a $48.24 MM HUD 223(f) refinance for The Farmstead Apartments, a 260-unit apartment complex located in Nampa, Idaho. Built in 2020, the property is comprised of 15 three-story buildings and a clubhouse situated on 13 acres. Its amenities feature a fitness center, lounge, and pool/spa. The loan benefitted from a Green Mortgage Insurance Premium (“MIP”) set at 25 basis points because the property qualifies as green/energy efficient. Managing Principal Josh Sasouness originated this transaction.