Ten South Construction Secures $183 Million Construction Loan For 530-unit Multifamily At 315 Las Animas Avenue

The property asset involved in this transaction is a multifamily residential building located at 315 Las Animas Avenue in Gilroy, featuring a total of 530 units. The loan amount for this construction financing is $183,000,000, facilitated by Dwight Mortgage Trust.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $183,000,000
• Address: 315 Las Animas Avenue
• Market: Gilroy
• Lender: Dwight Mortgage Trust
• Loan Type: Construction
• Landlord: Ten South Construction

The individuals involved in the loan transaction include Keith Hoffman, Elliot Haft, Liam Higgins, and JD Comeau, who represent Dwight Mortgage Trust in this deal, collaborating with Ten South Construction as the landlord of the property.