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Dwight REIT Provides $48M Construction Loan to CAST Development
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $48-million construction loan for GH 25, a planned 114-unit mixed-use multifamily development located in San Diego’s Golden Hill neighborhood. The loan will be used alongside sponsor equity to fund construction, establish an interest reserve and cover transaction costs for the borrowers.
The eight-story project will span 20,000 square feet and feature a mix of studio, one-, and two-bedroom apartments, along with 3,250 square feet of ground-floor retail/commercial space anchored by a restaurant and wine bar concept. GH 25 reflects CAST Development’s “Boutique Automation” strategy, which emphasizes sophisticated design, concrete mid-rise construction and long-term operational efficiency.
Units will offer ceiling heights of up to 10 feet, floor-to-ceiling glass windows and private balconies. Residents will also have access to a seventh-floor amenity terrace with a plunge pool, fire pits, BBQs and lounge areas. The project is slated for completion later this year.
- ◦Development
- ◦Financing
