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Dwight Mortgage Trust Provides $88.4 Million Loan For Multifamily Properties In Fayetteville And Tuscaloosa
FINANCED
$88,400,000
Alabama
See Similar DealsMultiFamily
Financed 01/16/2026
FINANCED
Dwight Mortgage Trust Provides $88.4 Million Loan For Multifamily Properties In Fayetteville And Tuscaloosa
800 31st Street, 2920 Cosmo Drive & 1916 Rayconda Road
See Similar DealsMultiFamily
Financed 01/16/2026
Summary
ALABAMA
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction consists of three multifamily apartment properties located at 800 31st Street in Tuscaloosa, Alabama, 2920 Cosmo Drive in Fayetteville, North Carolina, and 1916 Rayconda Road in Fayetteville, North Carolina. The loan amount secured for these properties is $88,400,000, which is allocated for refinancing existing debt and funding interest reserves.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $88,400,000
- Lender: Dwight Mortgage Trust
- Broker: Sevenstone Capital
- Market: Tuscaloosa, AL & Fayetteville, NC
Dwight Mortgage Trust provided the fixed-rate financing enabling the owners of the properties to refinance their debt. Sevenstone Capital represented the broker in this transaction, ensuring a smooth process for securing the financing.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$88,400,000.00
Monthly NOI$589,333.33
Monthly Debt Service$558,748.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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