Doug Faron Of Westlight Capital Secures $162M Loan From Ladder Capital For Gainesville Multifamily Portfolio

A multifamily portfolio consisting of 1,432 units located in Gainesville, Florida was financed with a loan amount of $162 million. The transaction was arranged by CBRE’s brokers, Jubeen Vaghefi and Denny St. Romain. The portfolio represents the first acquisition for Westlight Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $162,000,000
• Lender: Ladder Capital
• Landlord: Doug Faron - Westlight Capital
• Market: Gainesville
• Units: 1,432
• Brokers: Jubeen Vaghefi & Denny St. Romain - CBRE

Doug Faron founded Westlight Capital in 2025, with a strategic focus on multifamily debt, equity, and ground-up development. The firm aims to acquire well-located properties, particularly near major employment centers and the University of Florida.