Dealmaker: Dwight Capital Finances $126M
Dwight Capital, New York, closed $126.2 million in financings for multifamily properties in three states.
Dwight provided a $47.3 million HUD 223(f) refinance for Springs at South Elgin, a 300-unit townhome-style apartment community in South Elgin, Ill. Built in 2018, the property occupies more than 16.5 acres. Dwight Managing Principal Josh Sasouness and Managing Director Kevin Lifshitz originated this transaction, the sixth refinance the firm has closed for Continental Properties.
Josh Sasouness and Managing Principal Adam Sasouness originated a $43.9 million HUD 223(f) cash-out loan for Greystone at Widewaters, a 332-unit community in Knightdale, N.C. Built in 2006, the property has 13 three-story residential buildings on 24.5 acres. The loan benefitted from a Green Mortgage Insurance Premium Reduction because Greystone at Widewaters is Energy Star certified.
Dwight also closed a $35 million bridge cash-out refinance for Golden Gate Townhomes, a 316-unit garden-style community in Stone Mountain, Ga. with 36 two-story residential buildings on 50-plus acres. Golden Gate Townhomes is near 3,200-acre Stone Mountain Park, which includes a golf course, lake and hiking trails. Dwight Executive Vice President Ari Mandelbaum and Adam Sasouness originated this transaction.