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World Business
August 10, 2021

Dwight Capital Finances $23 MM for Tuscany Hills Apartment Homes in California

tuscany hills

Dwight Capital provided a $23 MM HUD 223(f) loan for Tuscany Hills Apartment Homes, a 144-unit garden-style apartment complex located in Moreno Valley, CA. Built in 2005, the gated property consists of 15 one- and two-story apartment buildings and three common area buildings situated on over 8.6 acres. Its amenities include a pool and spa, fitness center, and community park. The loan benefitted from a Green Mortgage Insurance Premium (“MIP”) Reduction set at 25 basis points because the property is ENERGY STAR certified. Managing Principal, Josh Sasouness, and Vice President, Daniel Malka, originated this transaction.