Kingsbarn Realty Capital Secures $30 Million Refinance Loan For 140-Unit Multifamily In Carson City

The asset involved in this transaction is a 140-unit multifamily apartment complex located at 1008 Little Lane, Carson City, NV. The complexity of the refinancing process was facilitated by the prior bridge loan from Dwight Mortgage Trust, which has now been replaced with a new financing agreement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,000,000
• Loan Type: Refinance
• Lender: Dwight Capital
• Landlord: Jeff Pori - Kingsbarn Realty Capital
• Broker: Kevin Choquette - Fident Capital

This refinancing represents a strategic financial move by Kingsbarn Realty Capital, enabling the management of The Marlette apartment complex to enhance its operational efficiency. Kevin Choquette of Fident Capital played a pivotal role in arranging the transaction, ensuring a smooth transition to the new loan structure.