Dwight Capital closed a $38.4 million HUD 223(f) refinance for Volta at Voyager, a 200-unit garden-style mountain-view apartment community in Colorado Springs, CO.
The refinance benefited from a Green Mortgage Insurance Premium (MIP) Reduction to 25 basis points, enhancing the financial terms. This transaction was originated by Brandon Baksh and Brian Yee on behalf of Dwight’s client, Mountain View Capital, LLC.
The property comprises 10 three-story residential buildings featuring one-, two-, and three-bedroom units. Residents enjoy a range of premium amenities, including a fitness center, Amazon lockers, a dog spa and park, a swimming pool and spa, and a clubhouse. Volta at Voyager is located with immediate access to Interstate 25.
Dwight Capital says its loan servicing portfolio exceeds $12 billion. Its services encompass a wide range of commercial lending options, including balance-sheet bridge and new construction loans, FHA/HUD-insured loans, C-PACE Financing, mezzanine financing, and preferred equity.
