Dwight Capital Provides $130 Million Refinance Loan For 358-Unit Multifamily Property In Florida

The asset involved in this transaction is a multifamily property located at 1155 Northeast 126th Street in North Miami, comprising a total of 358 units. The primary financial aspect of this deal is a loan provided for refinancing, totaling $130,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $130,000,000
• Lender: Keith Hoffman & Aaron Kirshtein - Dwight Capital
• Landlord: Sebastien Scemla, Shawn Chemtov & John Lago - Omega Real Estate Management
• Loan Type: Refinance

This transaction represents several significant milestones, including being the largest HUD loan ever closed in Florida and the largest multifamily loan approved by HUD's Southeast Region Office. Sebastien Scemla, CEO of Omega Real Estate Management Group, highlighted the project's comprehensive management by Omega throughout various phases and emphasized the effective partnership with Dwight Capital during the process.