Dwight Capital closed $30.2 MM in HUD financing for Cabrillo Apartments, a 242-unit apartment complex located in Las Vegas, NV. Built in 2008, the property is comprised of six apartment buildings, a leasing office/clubhouse and four garage buildings. The gated community is surrounded by city and mountain views and its amenities feature a pool, spa, business center, fitness room, and common lounge areas. 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, originated this transaction.
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