Brandon Baksh, Tommy Ng, Talisse Thompson & Jack Baron Of Dwight Investment Management Provide $130M Loan For Phoenix Mixed-Use Asset
802 North 1st Avenue
$130,000,000
Units
389
Asset Type
Mixed-use
Closing
Aug 13, 2026
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 802 North 1st Avenue in Phoenix, comprising a total of 389 units. The loan amount for this property is $130,000,000, and it qualifies as a bridge loan, supporting further investment activities in this asset.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $130,000,000
- Lender: Brandon Baksh, Tommy Ng, Talisse Thompson & Jack Baron - Dwight Investment Management
- Borrower: Bridge Investment Group; Hatteras Sky
- Loan Type: Bridge
The key individuals involved in the deal include Brandon Baksh, Tommy Ng, Talisse Thompson, and Jack Baron, representing the lender, Dwight Investment Management. Bridge Investment Group and Hatteras Sky are the entities borrowing the loan for this transaction.
On the Map
$130,000,000
Mixed-use
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Players
Phoenix Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93