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Seattle & Northwest  + Portland  + Finance  | 

Dwight Capital Finances $27M for Springwater Crossing Apartments

Springwater Crossing Apartments is a 171-unit apartment complex located in Gresham, OR. Dwight Capital recently closed a $26.84 million HUD 223(a)(7) refinance loan for the property.

Springwater Crossing qualifies as green/energy efficient housing, and therefore received a Green Mortgage Insurance Premium Reduction set at 25 basis points. Dwight Capital managing principal Josh Sasouness originated this transaction.

Built in 2010, Springwater is comprised of 32 apartment buildings surrounded by many parks with views of Mt. Hood, Mt. St. Helen and the Pacific Northwest. The community’s amenities include a resident lounge, fitness center and four playgrounds.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing