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Seattle & Northwest  + Washington  + Apartments  |  March 20, 2025
Jasmine Kilman
By: Jasmine Kilman

Dwight Capital Finances $23M Loan for MF in Washington

Dwight Capital has closed a $22.5 million HUD 223(f) loan for Skyview Heights, a 128-unit garden-style apartment community in Airway Heights, Washington.

The proceeds from this loan were used to pay off the existing debt, cover closing costs, fund a replacement reserve for future capital improvements, and provide a sizeable cash out. The refinance also qualified for a reduced Green Mortgage Insurance Premium (MIP) to 25 basis points, thanks to the property’s GreenPoint Rated New Home Silver Level Certification for sustainable design. McBride Capital arranged this transaction.

Located at 12501 W 6th Ave, the property comprises 16 two-story buildings featuring a mix of 32 one-bedroom, 80 two-bedroom, and 16 three-bedroom units. Each apartment features modern finishes, including granite countertops, stainless steel appliances, fireplaces, and private balconies or patios. Residents benefit from an array of premium amenities, including a clubhouse and lounge, BBQ area, pool and spa, and a fully equipped fitness center.

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Dwight Capital

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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