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Dwight Mortgage Furnishes Acquisition Debt on Queens Apartments 

Dwight Mortgage Trust provided a $22.2-million bridge acquisition loan for Queens Village Apartments, a 132-unit garden-style property located in Queens. The property is comprised of three- and six-story apartment buildings featuring partially rent-controlled and partially rent-stabilized units, onsite maintenance and laundry. 

Managing principal Adam Sasouness originated this transaction, which was brokered by Marvin Jeremias of Crossmark Capital. 

A portion of the loan proceeds will be used towards capital expenditures to renovate units and common areas, which will allow the borrower to increase rents to market rates, with the exclusion of 10 rent-stabilized units.  

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Inside The Story

Dwight Mortgage Trust's Sasouness

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

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