Dwight Provides $58.6M Refi for Amarillo Apartment Investor

Dwight Capital successfully financed a $58.6 million HUD 223(f) loan for Residences at Town Square, a mixed-use apartment complex in Amarillo, TX. The complex comprises 480 residential units and 121,360 square feet of ground-floor commercial spaces. The property comprises four five-story apartment buildings, and an attached leasing office/business center spread across 32 acres. The community’s amenities include a playground, bike storage, and walking paths. Residences at Town Square’s commercial units feature a variety of tenants, including a dental office, retail, and restaurants. 

Proceeds from the loan will be used to retire existing debt and fund energy-efficient enhancements. The loan also qualified for a 25-basis-point Green Mortgage Insurance Premium because the property is set to achieve a National Green Building Standard Bronze certification. Dwight’s Daniel Malka originated this transaction for Williams Group.

Dwight Capital LLC is a commercial real estate finance company in the United States with a loan servicing portfolio exceeding $12 billion.