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Atlanta & Southeast  + Georgia  + Apartments  | 
Dwight Capital closed a $45 million HUD 223(f) loan for Kinstone Columns Drive, a 384-unit apartment community located in Marietta, GA

$45 Million Refi Benefits from Green Certification

Dwight Capital closed a $45 million HUD 223(f) loan for Kinstone Columns Drive, a 384-unit apartment community located in Marietta, GA. The property sits on more than 30 acres. It consists of 29 three-story buildings, three townhome buildings, two pool bathhouses, and a leasing office/clubhouse.

Community amenities include a fitness center, business center, playground, tennis court, walking trail, picnic area, sports court, and two pools. Kinstone Columns Drive is also near several recreational properties, with direct access to Chattahoochee River National Recreation Area, which offers three miles of walking/hiking trails.

The refinance benefitted from a Green Mortgage Insurance Premium (“MIP”) Reduction set at 25 basis points, as the property is in the process of achieving an NGBS Bronze certification. This is the fourth loan that Dwight has closed for the borrower, Walton Communities. Brandon Baksh and Karnveer Bal originated this transaction.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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