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Phoenix & Southwest  + Southwest  + Apartments  |  October 10, 2024
Volta at Voyager
Mike Boyd
By: Mike Boyd

Dwight Capital Arranges $38.4M Refi for Colorado Springs Apartments

Dwight Capital closed a $38.4 million HUD 223(f) refinance for Volta at Voyager, a 200-unit garden-style mountain-view apartment community in Colorado Springs, CO. 

The refinance benefited from a Green Mortgage Insurance Premium (MIP) Reduction to 25 basis points, enhancing the financial terms. This transaction was originated by Brandon Baksh and Brian Yee on behalf of Dwight’s client, Mountain View Capital, LLC.

The property comprises 10 three-story residential buildings featuring one-, two-, and three-bedroom units. Residents enjoy a range of premium amenities, including a fitness center, Amazon lockers, a dog spa and park, a swimming pool and spa, and a clubhouse. Volta at Voyager is located with immediate access to Interstate 25.

Dwight Capital says its loan servicing portfolio exceeds $12 billion. Its services encompass a wide range of commercial lending options, including balance-sheet bridge and new construction loans, FHA/HUD-insured loans, C-PACE Financing, mezzanine financing, and preferred equity.

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Dwight Capital

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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