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Dwight Capital Closes $130M HUD Refi on N. Miami Apartments
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Dwight Capital Closes $130M HUD Refi on N. Miami Apartments
Dwight Capital has closed a $130 million cash-out HUD 223(f) refinance for The Gardens Residences, a 358-unit luxury high-rise apartment building in the heart of Downtown North Miami, Florida. The loan proceeds will be used to retire an existing Dwight Mortgage Trust bridge loan, return equity to the borrower and provide a 35-year, fully amortizing, fixed-rate loan. Dwight says the transaction is the largest HUD loan ever closed in Florida and t…
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