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Phoenix & Southwest  + Southwest  + Finance  |  March 12, 2021
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By: Lisa Brown

HUD Loan Includes Green Mortgage Insurance Premium Reduction

HUD financing in the amount of $30.2 million was recently provided for Cabrillo Apartments, a 242-unit apartment complex located in Las Vegas. The loan includes a Green Mortgage Insurance Premium Reduction set at 25 basis points because the property is Energy Star-certified.

Built in 2008, the property is comprised of six apartment buildings, a leasing office/clubhouse and four garage buildings. The gated community is surrounded by city and mountain views. Its amenities feature a pool, spa, business center, fitness room and common lounge areas.

Dwight Capital managing director Brandon Baksh originated this transaction.

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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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