Updated Sep 29, 2026
FINANCEDSingle Family Residence
Jordan Kavana And John Isakson Of ARK Homes For Rent Secure $26M Loan From Dwight Mortgage Trust
3933 Antigua Way
$26,000,000
Units
143
Asset Type
Single Family Residence
Closing
Jun 18, 2026
About this deal
AI
The property asset involved in this transaction is a 143-unit build-to-rent townhome community named Somerset Cove, located at 3933 Antigua Way in Spring Hill, Florida. It is categorized as Single-Family Rentals (SFR). The project has recently been completed and is part of a broader strategy focusing on suburban rental housing.
Summary of transaction details:
- Property Type: Single-Family Rentals (SFR)
- Transaction Amount: $26,000,000
- Loan Type: Bridge
- Originator: Katie Goldenberg - Dwight Mortgage Trust
- Landlord: Jordan Kavana & John Isakson - ARK Homes for Rent
This transaction highlights the role of Dwight Mortgage Trust in providing financing to ARK Homes for Rent. The $26 million bridge loan is intended to support the lease-up of Somerset Cove, as part of ARK’s strategy for expanding into the Southeast build-to-rent market.
On the Map
$26,000,000
Single Family Residence
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Players
Way Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93