Dwight Capital Provides $27M Refinancing for Abingdon Apartments
Dwight Capital has provided a $26.6 million HUD loan to refinance Enclave at Box Hill Phase II, a 149-unit luxury apartment community in Abingdon, MD.
Built in 2018, the property is comprised of seven apartment buildings, and is part of a larger apartment complex called Enclave at Box Hill, where Phase I is a 240-unit apartment complex that Dwight refinanced in 2020. The two phases share amenities, which consist of a clubhouse, fitness center with yoga room, children’s playroom, business center, outdoor kitchen and seating area, resort-style pool, fire pits, fenced-in dog park and walking trail.
The loan benefits from a Green Mortgage Insurance Premium Reduction set at 25 basis points because the property is Energy Star certified. Brian Yee of Dwight Capital originated this transaction on behalf of the undisclosed borrower.
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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