Dwight Capital Refis South Florida Apartments With $46M HUD Loan
The CaraCo Group of Companies has secured $45.8 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to refinance a multifamily asset in Florida's Broward County.
Loan proceeds will retire existing debt and establish a replacement reserve account for capital improvements. The agency loan was originated by Dwight's Josh Hoffman and Jeremy Packer.
"The loan strengthens Dwight's presence in the South Florida market and our partnership with the Southeast HUD office,"
said Hoffman in a statement. The refinanced property, Arcadia, is located at 8601 West McNabb Road, 15 miles northwest of Fort Lauderdale, and features amenities including a saltwater pool, fitness center, and coworking space.
Author's summary: Dwight Capital refinances South Florida apartments with $46M HUD loan.
More News
- DWTS' Alan Bersten, Elaine Hendrix Taking 'It Easy' After Her Hospitalization
- Sixers Reacts Survey: which non-VJ Edgecombe newcomer will be most impactful?
- The Sixers appeared to finally run out of energy. Then, Adem Bona happened
- Xbox Network and Minecraft Go Down After Major Microsoft Azure Outage | iPhone in Canada
- This New Spy Thriller Series Took Over Netflix and Hit #3 Overnight
- Selling Sunset's Sandra Vergara on If Keyed Chrishell's Assistant's Car
- Microsoft Azure is down, affecting 365, Xbox, Minecraft, and others | TechCrunch
- Jimmy Butler issues “scary” warning to the rest of the NBA amid Warriors’ 4-1 start