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CaraCo Group Of Companies Secures $45.8M Refinance Loan For Arcadia Multifamily In Tamarac

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FINANCED
$45,800,000

Florida

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MultiFamily
Financed 10/29/2025
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Property Image
FINANCED

CaraCo Group Of Companies Secures $45.8M Refinance Loan For Arcadia Multifamily In Tamarac

8601 West Mcnab Road

See Similar Deals
MultiFamily
Financed 10/29/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily apartment community consisting of 212 units located at 8601 West Mcnab Road in Tamarac, Florida. The community is part of a refinance deal that secured significant financing for operational needs.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $45,800,000
  • Lender: Josh Hoffman & Jeremy Packer - Dwight Capital
  • Landlord: Gennaro DiSanto - CaraCo Group of Companies
  • Loan Type: Refinance
  • Market: Tamarac
  • Asset Units: 212

This refinancing deal involves the CaraCo Group of Companies, led by Gennaro DiSanto, working alongside lenders Josh Hoffman and Jeremy Packer from Dwight Capital. The partnership has facilitated financing that is intended to retire existing debt and allocate resources for capital reserves, which highlights the increased activity of Dwight Capital in the South Florida multifamily sector.

Players

JH
6 deals$217.2M volume
LENDER

2 deals$63.9M volume
LENDER

Details

FINANCED
IMAGE: Jeremy Packer, Josh Hoffman & Gennaro DiSanto DATE: 10/29/2025 ADDRESS: 8601 West Mcnab Road MARKET: Tamarac ASSET TYPE: Multifamily ~ UNITS: 212 LENDER: Josh Hoffman & Jeremy Packer - Dwight Capital (@DwightCap) LANDLORD: Gennaro DiSanto - CaraCo Group of Companies LOAN AMOUNT: $45,800,000 LOAN TYPE: Refinance NOTE: The CaraCo Group of Companies secured a $45.8 million HUD 223(f) loan through Dwight Capital to refinance Arcadia, a 212-unit apartment community in Tamarac, Fla., completed in 2023. The financing retires existing debt and funds capital reserves, marking Dwight’s expanded presence in South Florida’s multifamily market.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,800,000.00

Monthly NOI$305,333.33
Monthly Debt Service$289,487.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00