Hillpointe Refinances 264-Unit Pointe Grand Reservation Way Apartments In Augusta With $41M Loan

The asset involved in this transaction is a newly completed multifamily property consisting of 264 units, located at 255 Reservation Way in Augusta, GA. The transaction reflects a refinance loan for the multifamily housing sector, which is currently active in the Augusta market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,000,000
• Loan Type: Refinance
• Lender: Josh Hoffman & Jonathan Pomper - Dwight Mortgage Trust
• Landlord: Hillpointe

The refinancing was executed to optimize financing for the Pointe Grand Reservation Way apartments located in proximity to the Augusta National Golf Club, facilitating financial maneuverability for the landlord, Hillpointe, through a bridge loan structure with Dwight Mortgage Trust.