Updated Oct 1, 2026
Dolan Homes LLC Secures $60 Million Loan From Dwight Capital For 194-Unit Birchwood Grove
4675 Lakeview Parkway
$60,000,000
Units
194
Asset Type
MultiFamily
Closing
Sep 30, 2026
About this deal
AI
The asset involved in this context is a multi-family property featuring 194 units located at 4675 Lakeview Parkway in Davenport, Iowa. The property is financed with a loan amount of $60,000,000 for the Birchwood Grove townhome community.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $60,000,000
- Loan Provider: Dwight Capital
- Landlord: Dolan Homes LLC
- Loan Date: 09/30/2026
This transaction highlights Dwight Capital’s involvement in providing HUD 223(f) mortgage financing, facilitating the transaction related to the 194 units within the Birchwood Grove community.
On the Map
$60,000,000
MultiFamily
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Players
Sullivan MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93