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Seattle & Northwest  + Seattle  + Finance  | 

Dwight Capital Finances $42M Loan for Bellingham Apartments

New York-based Dwight Capital reports it obtained more than $2.42 billion in multifamily and healthcare FHA Firm Commitments during HUD’s 2020 fiscal year. The 139 closed loans spanned across 36 states.

One such example Dwight Capital closed is a $42.3-million HUD 223(f) loan for Belleau Woods Apartments, a 339-unit garden-style apartment complex located in Bellingham. Originally built in 2003 and expanded in 2008, the property consists of 17 three-story residential buildings, a community building, and fitness center situated on nearly 16 acres.

The mortgage includes a Reduced Green Mortgage Insurance Premium (MIP) of 0.25% due to Belleau Woods Apartments’ Energy Efficient status.

This is the fourth transaction that Dwight has closed for the unnamed borrower. Josh Sasouness and Josh Hoffman originated the loan.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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