Dwight Capital Closes in Excess of $483 85 Million in Financing for Multifamily and Healthcare Related Properties in June 2021 multifamilybiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from multifamilybiz.com Daily Mail and Mail on Sunday newspapers.
Continental Properties Lands $47M Refi for Illinois Community
Dwight Capital closed the HUD loan for the firm s 300-unit property in South Elgin. Jun142021
Image courtesy of Dwight Capital
Continental Properties has received a $47.3 million HUD 223(f) refinancing loan for Springs at South Elgin, located in Chicago’s I-90 Golden Corridor submarket. Dwight Capital closed the loan on behalf of the owner.
Completed in 2018, the property sits on 16.7 acres at 350 Gyorr Ave., according to Yardi Matrix.
The townhome-style community comprises 300 units across 15 two-story buildings. Floorplans range from studios to three-bedroom apartments. Units feature energy-efficient appliances, granite countertops, hardwood-style flooring, an in-home washer and dryer, and a private balcony or patio.
Dwight Capital Closes in Excess of $364 Million in Financing for Multifamily and Healthcare Related Properties During May 2021 multifamilybiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from multifamilybiz.com Daily Mail and Mail on Sunday newspapers.
Greystone provides $27.8 million loan for seniors property in Michigan May 19, 2021
Greystone has provided a $27.8 million HUD-insured loan to refinance a 383-unit seniors housing property in Southfield, Michigan. The transaction was originated by Dan Sacks, managing director in Greystone’s New York office, on behalf of Loop Investments.
The $27.8 million HUD Section 223(a)(7) financing replaces an existing FHA loan with a lower, fixed interest rate and a 35-year term and 40-year amortization, in order to increase the property’s cash flow. The property complies with HUD’s Energy Star requirement of a 75 score or higher to achieve a Green Mortgage Insurance Premium reduction.