Dwight Capital successfully secured a $58.6 million HUD 223(f) loan for the Residences at Town Square, a mixed-use apartment complex located in Amarillo, Texas. The property consists of four five-story apartment buildings and an attached leasing office/business center spread across 32 acres. It also includes 480 residential units and 121,360 square feet of ground-floor commercial spaces with various tenants such as retail stores, restaurants, and a dental office.
The loan proceeds will be used to pay off existing debt and finance energy-efficient upgrades for the property. Additionally, the loan qualified for a reduction in Green Mortgage Insurance Premium due to its expected National Green Building Standard Bronze certification achievement. Daniel Malka from Dwight was responsible for originating this transaction on behalf of Williams Group.
Dwight Capital LLC is one of the leading commercial real estate finance companies in the United States with over $12 billion worth of loans under their servicing portfolio.
