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Texas  + State of Texas  + Apartments  |  June 3, 2021
Lisa Brown
By: Lisa Brown

Blue Ridge Apartment Homes Lock in $34M in HUD Financing

HUD financing of $34.38 million was recently provided for Blue Ridge Apartment Homes, a 290-unit gated apartment community located in Midland, TX. Built in 2011, the property consists of 15, two- and three-story apartment buildings and 16 ancillary buildings on 15.5 acres.

Its amenities include a business center, clubhouse, fitness center and reserved covered parking. The loan includes a Green Mortgage Insurance Premium Reduction set at 25 basis points because Blue Ridge Apartment Homes qualifies as green/energy-efficient housing.

Dwight Capital managing director Brandon Baksh originated this transaction.

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Inside The Story

Brandon Baksh

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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