Dwight Capital has closed on two cash-out refinances in Indiana and Texas.
Josh Hoffman, managing director and Kevin Lifshitz, senior vice president, closed a $38,828,000 HUD 223(f) loan on Cobblestone Crossings Apartments, a 448-unit, market rate, Class A asset located in Terre Haute, Indiana.
Separately, Dwight’s co-CEO, Josh Sasouness originated a $18,022,700 HUD 223(f) refinance on Cadillac Lofts, a Class-A 152-unit mixed use property in a premier urban CBD location in San Antonio, Texas. The property was built in 1922 and was upgraded and expanded over the years.
The 2.57-acre site is within walking distance of the Riverwalk and is designated on the National Register of Historic Properties as the Goad Motor Company Building and is a certified historic structure.