**Dwight Mortgage Trust Provides $49M for Minneapolis Apartments**
Dwight Mortgage Trust, the affiliate real estate investment trust (REIT) of Dwight Capital, has closed a $49.15 million bridge loan to refinance Moment Apartments, a newly developed 222-unit luxury apartment community in Minneapolis, Minnesota.
The property is comprised of a 10-story residential building featuring 14,713 square feet of ground-floor retail space, with national tenants Starbucks and New Horizon Academy occupying the retail component. The apartment mix includes seven studios, 159 one-bedroom units, and 56 two-bedroom units.
Proceeds from the bridge loan will be used to retire existing debt, fund reserves, and cover transaction-related expenses. The financing was originated by Dwight Capital’s Vice President Daniel Malka, along with Jonathan Pomper, on behalf of borrowers George Sherman and Chris Sherman of Sherman Associates.
Additionally, industry professionals are invited to attend a special event at the Connect Midwest Multifamily conference on June 4, 2025, at The Midland Hotel in Chicago, Illinois. The event will feature the Lifetime Achievement Award presentation and a keynote interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC, interviewed by Fred Schreiber, Chief Operating Officer. This conference provides a valuable opportunity for networking and industry insights.
Register today to secure your spot among multifamily industry leaders.
