September 28, 2021

MP Now News

Mortgage News

Dwight Capital Lends $36M on 201 Twenty One Apartments in Virginia – Commercial Observer

based in Manhattan Dwight capital has closed a deal to provide $ 35.7 million in government-backed debt to refinance mixed-use property in Norfolk, Virginia, Commercial Observer announced for the first time.

The alternative commercial real estate lender presented the US Department of Housing and Urban Development Loan for 201 Twenty-one apartments, an apartment building with 225 units and six commercial units on the ground floor. Dwight Vice President Daniel Malka the transaction originated.

The HUD debt package includes a 0.25 percent cut in green mortgage insurance premium as the property is considered green / energy efficient living, according to Dwight officials.

Is located 201 West 21NS road, the four-story building features Amenities These include a rental office, fitness center, lounge with pool tables, business center, theater, courtyard with pool, green space and grills. Monthly rents range from $ 1,574 for one-bedroom units to $ 1,745 for two-bedroom units

Commercial retailers at 201 Twenty One Apartments include Walgreens, Five types, a frozen yogurt shop, a sushi bar and a spa.