The transaction involves a 15.5-acre development site located in the Leesburg market. The loan amount secured for this construction project is $51,800,000, specifically for the development of a 264-unit apartment complex named Integra Isles. The construction loan is a HUD 221(d)(4) type, and the project features a mix of one-, two-, and three-bedroom units along with various amenities, including a resort-style pool, fitness center, and pet-friendly areas. This project is eligible for a reduced Green Mortgage Insurance Premium owing to its certification under the National Green Building Standard Bronze.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $51,800,000
• Lender: Brandon Baksh & Karnveer Bal - Dwight Capital
• Landlord: David McDaniel - Integra Land Company; James Pyle & Jason Cromer - Land South
• Market: Leesburg
• Loan Type: Construction
• Asset Size: 15.5 acres

Brandon Baksh and Karnveer Bal represent Dwight Capital in the lending aspect of this transaction. David McDaniel acts on behalf of Integra Land Company, while James Pyle and Jason Cromer represent Land South in the project development. Their combined efforts are directed towards bringing to fruition the apartment complex which caters to diverse residential needs in the Leesburg area.