HUD Loan for Marietta, GA Apartments Financed by Dwight Capital – $45M

Dwight Capital recently closed a $45 million HUD 223(f) loan for Kinstone Columns Drive, a 384-unit apartment community located in Marietta, GA. The property spans over 30 acres and features 29 three-story buildings, three townhome buildings, two pool bathhouses and a leasing office/clubhouse. Community amenities include fitness center, business center playgrounds tennis courts walking trails picnic areas sports court and two pools with direct access to Chattahoochee River National Recreation Area’s 3 miles of hiking/walking trails.
The refinance was eligible for Green Mortgage Insurance Premium (MIP) Reduction set at 25 basis points due to the property’s pursuit of NGBS Bronze certification – making this Dwight Capital’s fourth loan transaction with borrower Walton Communities; Brandon Baksh & Karnveer Bal originated the deal.