NEW YORK--(BUSINESS WIRE)--Dwight Capital, a national commercial lender, announced today that it funded five individual FHA/HUD loans for separate borrowers, totaling $40 million, in a single day (November 30th).
Josh Sasouness, co-managing principal of Dwight Capital, along with Keith Hoffman, originated Landings of Carrier Parkway, a 281-unit apartment building owned by a non-profit entity in Grand Prairie, TX. The loan amount was $14,880,400. Josh also originated a $4,240,900 loan on Capitol House Apartments in Olympia, WA and a $5,609,200 loan on 3rd Central Apartments in Gresham, OR. The 3rd Central loan was referred to Dwight Capital by Mortgage Equities Northwest, headquartered in Portland, OR.
Co-managing principal, Adam Sasouness and Vice President of Origination, Brandon Baksh, originated an $11,301,100 loan for Eaglebrook Apartments, a 152-unit property in Mont Belvieu, TX. The borrower utilized Dwight Capital’s innovative Early Rate Lock program, which enabled the borrower to lock in an interest rate nine months prior to closing.
Josh Hoffman, Dwight’s Managing Director, along with Keith Hoffman, arranged a $4,161,000 loan on Sterling Park Apartments, a 14-year old townhome community located in Henderson, NC.
Notably, Josh Sasouness and Keith Hoffman also originated a $4,171,600 loan on In-Chu-Co Apartments in Chapel Hill, NC, one week a week prior to the above-mentioned closings.
Dwight Capital, headquartered in New York, is an FHA/HUD approved lender and CMBS lender, focusing on the origination of multifamily and healthcare mortgages. To complement those business lines, Dwight Capital also offers bridge loans and preferred equity/mezzanine loans. Dwight Capital prides itself on providing innovative and creative financial solutions for our clients.
For more information about Dwight Capital, please visit: www.dwightcapital.com
