Updated Oct 10, 2026
Dwight Mortgage Trust Provides $88.4 Million Loan For Multifamily Properties In Fayetteville And Tuscaloosa
800 31st Street, 2920 Cosmo Drive & 1916 Rayconda Road
$88,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 16, 2026
About this deal
AI
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.
On the Map
$88,400,000
MultiFamily
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Tuscaloosa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93