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Seattle & Northwest  + Portland  + Finance  | 

Dwight Delivers Nearly $75M in Financing for Washington Multifamily’s

New York-based Dwight Capital provided nearly $75 million in financing for a pair of Washington multifamily communities. The properties are located in Lynnwood and Vancouver.

The larger transaction was a $48.96-million HUD 223(f) loan for Tamaron Ranch Apartments (pictured), a 266-unit garden-style apartment complex located in Lynnwood. The property consists of 19 three-story residential buildings and a two-story community building situated on over 12 acres. The refinance includes a Green Mortgage Insurance Premium Reduction set at 25 basis points as the property is ENERGY STAR certified. Dwight Capital’s Keith Hoffman originated the transaction.

The deal in Vancouver was a $25.68-million HUD 223(f) loan for Oak Creek Apartments, a 180-unit apartment community. Set on eight acres of land and partially renovated in 2014, the property is comprised of 11 residential buildings, three garages, and two non-residential buildings. The refinance, which was originated by Dwight’s Josh Sasouness, also benefited from a Green Mortgage Insurance Premium Reduction set at 25 basis points.

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
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