Dwight Capital Finances $31.36 MM for Highland Club Apartments in Baton Rouge, LA

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.