Dwight Capital provided a $60.8 MM HUD 223(f) cash out refinance for Coppermine Run, a 288-unit affordable apartment community located in Herndon, Virginia. The property consists of eleven 4-story residential buildings and a clubhouse/leasing office situated on 15.7 acres. Its amenities feature a basketball and multi-sport court, fitness center, playground, swimming pool with sundeck, and walking paths. The loan includes a Green Mortgage Insurance Premium (“MIP”) Reduction set at 25 basis points because Coppermine Run is ENERGY STAR certified. Managing Director Brandon Baksh originated this transaction.
Related Articles
Dwight Mortgage Trust Finances $56.3MM Bridge Loan for Madera Apartments in Santa Fe, NM
Dwight Mortgage Trust (“DMT”), the affiliate REIT of Dwight Capital, has provided $56.3MM in bridge...
Dwight Capital & Dwight Mortgage Trust Close $390MM in Seniors Housing During Q2 2024
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (DMT), financed $390.4 million in...
Dwight Capital and Dwight Mortgage Trust End 2022 with Over $3 Billion in Financing
Dwight Capital Consistently Tops the Commercial Lender Rankings...
