Dwight Capital Refis Texas Apartments With M Loan
ChadNic Properties has landed a $31.4 million loan backed by U.S. Department of Housing and Urban Development (HUD) to refinance a multifamily asse...
ChadNic Properties has landed a $31.4 million loan backed by U.S. Department of Housing and Urban Development (HUD) to refinance a multifamily asset in the Dallas-Fort Worth region, Commercial Observer has learned. Dwight Capital supplied the HUD Section 223(f) loan on ChadNic's The Village at Lakefront apartment complex in Little Elm, Texas. Brandon Baksh originated the transaction for Dwight. The financing includes a green mortgage premium reduction set at 0.25 percent since the property is in the process of achieving an National Green Building Standard Bronze certification, according to Dwight.