Dwight Capital provided a $31.36 MM HUD 223(f) loan for Highland Club Apartments, a 279-unit garden-style apartment community located in Baton Rouge, LA. Built in three phases between 2003 and 2019, the property consists of 28 buildings and a clubhouse situated on over 23.6 acres. Its amenities feature a pet park, swimming pool, poolside cabanas, picnic/BBQ area, business and fitness centers, and walking trails. 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, originated the transaction.
Related News
Related Articles
Dwight Capital Receives Over $1 Billion in FHA Multifamily Firm Commitments Through the First Half of HUD’s Fiscal Year and Earns #1 Multifamily Lender Ranking
Dwight Capital announced that it obtained over $1 Billion in FHA Multifamily Commitments through ...
Dwight Mortgage Trust Finances $55MM Bridge Loan for The Stellar at Emerald Hills in Fort Lauderdale, FL
Dwight Mortgage Trust, the mortgage REIT affiliate of Dwight Capital, closed a $55MM bridge refi...
Dwight Capital Finances $23 MM for Tuscany Hills Apartment Homes in California
Dwight Capital provided a $23 MM HUD 223(f) loan for Tuscany Hills Apartment Homes, a 144-unit...
