May 26, 2020
Dwight Capital has provided $102.2 million in HUD 223(a)(7) loans for a portfolio of four market-rate apartment complexes in Maryland. Daniel Malka and Jacob Gauptman of Dwight Capital originated the financing on behalf of the undisclosed borrower.
The properties include Elkridge Estates of Roland Park, The Encore at Wheaton Station, The Renaissance Club Apartments and The Evergreens at Laurel. In total, the properties are comprised of 1,169 units.
In addition, Dwight Capital recently provided a $39.9 million 223(a)(7) loan for Enclave at Box Hill, a 240-unit apartment complex in Abingdon, MD.
For comments, questions or concerns, please contact David Cohen