Dwight Capital Provides $39M HUD Loan for Apartment Complex in Oregon City, Oregon

Dwight Capital Finances $39M Loan for Oregon Multifamily Development

Dwight Capital has closed a $39 million HUD 223(f) refinance for Timberview Apartments, a newly developed 174-unit apartment community in Oregon City, Oregon. Loan proceeds will be used to retire a bridge loan provided by Dwight Mortgage Trust, cover closing costs, and establish a replacement reserve account for future capital improvements. The transaction was originated by Andrew Tichy and arranged by McBride Capital on behalf of Dwight’s repea…

Dwight Capital Provides $39M HUD Loan for Apartment Complex in Oregon City, Oregon

OREGON CITY, ORE. — Dwight Capital, on behalf of Pahlisch Commercial, has provided a $39 million HUD loan for the refinancing of Timberview Apartments in Oregon City. Andrew Tichy led the transaction for Dwight Capital, which McBride Capital arranging the debt. Loan proceeds, which were secured through HUD’s 223(f) program, will be used to retire a bridge loan provided by Dwight Mortgage Trust, cover closing costs and establish a replacement res…