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Dwight Capital Provides HUD Refi on Wheeling Apartments
Dwight Capital provided $55 million in HUD financing for Mallard Lake Apartments, a 481-unit apartment complex in Wheeling, IL. Managing director Keith Hoffman originated this transaction, which closed as reportedly the largest HUD 223(a)(7) refinance in Illinois to date.
The property is comprised of 52 one- and two-story buildings and a leasing office. Its amenities include a fitness center, community room, tennis court and swimming pool.
The loan benefitted from a Green Mortgage Insurance Premium set at 25 basis points because the property is ENERGY STAR certified.


