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Katie Goldenberg & Liam Higgins Of Dwight Mortgage Trust Provide $48 Million Loan For 2504 C Street Multifamily In San Diego

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FINANCED
$48,000,000

California

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MultiFamily94,285 SF
Financed 04/12/2025
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Property Image
FINANCED

Katie Goldenberg & Liam Higgins Of Dwight Mortgage Trust Provide $48 Million Loan For 2504 C Street Multifamily In San Diego

2504 C Street

See Similar Deals
MultiFamily94,285 SF
Financed 04/12/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$509
Total Square Footage:94,285 SF
Transaction Type:Loan

The property asset is a multifamily unit located at 2504 C Street in the San Diego market. It comprises 114 units within a total square footage of 94,285. The transaction involves a construction loan valued at $48,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $48,000,000
  • Units: 114
  • Square Footage: 94,285
  • Lender: Katie Goldenberg & Liam Higgins - Dwight Mortgage Trust
  • Landlord: CAST Development

Key individuals involved in the transaction include Katie Goldenberg and Liam Higgins representing the lending side, as well as CAST Development acting as the landlord for the property asset. Their collaboration facilitated the structured financing necessary for the construction project.

Players

LENDER

5 deals$298.3M volume
LENDER

Details

FINANCED
IMAGE: Katie Goldenberg & Liam Higgins DATE: 04/14/2025 ADDRESS: 2504 C Street MARKET: San Diego ASSET TYPE: Multifamily ~ UNITS: 114 ~ SF: 94,285 LENDER: Katie Goldenberg & Liam Higgins - Dwight Mortgage Trust (@DwightCap) LANDLORD: CAST Development LOAN AMOUNT: $48,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$48,000,000.00

Monthly NOI$320,000.00
Monthly Debt Service$303,392.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00