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Seattle & Northwest  + Pacific Northwest  + Finance  |  May 14, 2021
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By: Lisa Brown

Five Market-Rate Complexes Get HUD Funds

A $33 million HUD financing loan was recently provided for a portfolio of five market-rate apartment complexes located throughout Oregon: Brighton Park Apartments, Salem Parkway Apartments and West Salem Apartments in Salem; and Crystal Lake Apartments and The Riviera Apartments in Corvallis. Together, the properties are comprised of 557 units across a total of 26 acres.

All five loans qualified as green/energy-efficient housing and benefited from a reduction in mortgage insurance premium. Dwight Capital’s Josh Sasouness, managing principal, and Josh Hoffman, managing director, originated this transaction.

Pictured: Brighton Park Apartments.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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