Dwight Capital Provides $61.9M in HUD-Insured Loans for Two Multifamily Communities in Iowa, Minnesota

Dwight Capital Provides $61.9M in HUD-Insured Loans for Two Multifamily Communities in Iowa, Minnesota

BETTENDORF, IOWA, AND ST. PAUL, MINN. — Dwight Capital has provided two HUD 223(f) loans totaling $61.9 million for Springs at Bettendorf in Bettendorf, Iowa, and The Grove in St. Paul. Menomonee Falls, Wis.-based Continental Properties was the borrower. Springs at Bettendorf is a townhome-style community with 15 two-story buildings totaling 316 units. There are studio, one-, two- and three-bedroom layouts, and 75 units feature attached garages.…

Dwight Capital Closes $62M in Financing for Midwest Apartment Properties

Dwight Capital closed a combined $61.9 million in HUD 223(f) financing for Springs at Bettendorf in Bettendorf, Iowa, and The Grove in Saint Paul, Minnesota. Both loans were closed on behalf of a repeat client, Continental Properties, based out of Menomonee Falls, Wisconsin. Springs at Bettendorf is a townhome-style community comprised of 15 two-story apartment buildings with 316 market-rate units, a standalone clubhouse, and a maintenance build…