Dwight REIT Finances $36M bridge loan for 336-unit, La Joya by Azali, in Corpus Christi

5/13/2025

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Connect CRE

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

• Tag: Closing

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

• Company: Dwight Capital

Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $36 million bridge loan to refinance La Joya by Azali, a 336-unit waterfront apartment community in Corpus Christi, TX. Loan proceeds will be used to retire existing debt, cover transaction costs, and fund reserves for the borrower, Alex Azali of Azali Homes.