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Washington DC & Mid-Atlantic  + DC Metro  + Finance  |  March 4, 2021
David Cohen
By: David Cohen

Dwight Capital Provides $67M Refinancing for Virginia MF Property

Dwight Capital has provided a $66.8 million HUD 223(f) refinancing for Ashburn Meadows Apartments, a 336-unit affordable apartment community located in Ashburn, VA.

Built in two phases in 2000 and 2002, the property consists of 14 three-story apartment buildings and a one-story clubhouse situated on over 18 acres. Amenities at the property include a fitness center, barbeque grill area, swimming pool with sundeck and walking trails.

Brandon Baksh of Dwight Capital originated the transaction on behalf of the undisclosed borrower. It is the fourth refinance that Dwight has closed for this repeat client. The loan is comprised of 100% LIHTC (Low-Income Housing Tax Credit) units.

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Inside The Story

Dwight Capital's Baksh

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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