Dwight Mortgage Trust Finances $56.3M Loan for Thrive Development’s 218-unit Madera Apartments in Santa Fe

10/29/2024

|

REBusinessOnline

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Market: Bridge Loan, Capital Markets: Debt-Refinance, MF: Garden

Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided $56.3 million in bridge financing for Madera Apartments in Santa Fe. Proceeds of the loan will be used to retire the sponsor’s existing construction debt and provide the borrower, Thrive Development, with capital to complete construction and lease-up of the property.