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Texas  + Dallas-Fort Worth  + Senior Housing  |  February 25, 2022
David Cohen
By: David Cohen

Dwight Capital Closes $31M Refinancing for Senior Apartments in Grand Prairie

Manhattan-based commercial real estate lender Dwight Capital has provided a $30.5 million refinancing for a senior apartment complex in the Dallas-Fort Worth suburb of Grand Prairie, TX.  

The property, The Retreat at Grand Prairie, is a newly-constructed 154-unit complex in Grand Prairie. Proceeds from the refinancing will be used to pay off existing construction financing and accelerate the lease-up of the property. The property is located at 2902 S Beltline Road, 16 miles west of Dallas. Amenities include ultra-light vents for air purification, a game room, fitness center, library and business center as well as an indoor pool with retractable roof, pet park, putting green, theater and walking trail.

Josh Sasouness of Dwight Capital originated the transaction on behalf of the undisclosed borrower.

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Dwight Capital’s Sasouness

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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