Continental Properties Secures $46.6M Refinance Loan For 316-unit Springs At Bettendorf From Dwight Capital

The asset involved in this transaction is the Springs at Bettendorf, a multifamily property located at 3939 53rd Avenue in Bettendorf, IA, featuring 316 units. A refinance loan of $46,600,000 was secured by the landlord, Continental Properties, to support this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,600,000
• Lender: Dwight Capital
• Landlord: Continental Properties
• Loan Type: Refinance
• Date: 07/14/2025

This transaction involved Continental Properties securing HUD-backed debt from Dwight Capital, which facilitated the refinancing of the multifamily asset in Iowa, underscoring the ongoing investment in residential housing in the market.