Dwight Capital Provides $30.2M Bridge Loan For The Marlette Multifamily Property

The Marlette property, located at 1008 Little Lane in Carson City, Nevada, is a multifamily asset comprising 140 units spread across 6 acres. The property offers one- and two-bedroom apartment options and boasts amenities such as a clubhouse, pool, fitness center, dog park, and electric vehicle charging stations.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,200,000
• Units: 140
• Acres: 6
• Lender: Dwight Capital
• Landlord: Jeff Pori - Kingsbarn Realty Capital
• Loan Type: Bridge Loan

Dwight Mortgage Trust provided a bridge loan for Kingsbarn’s The Marlette property in Carson City, Nevada. The loan amount of $30,200,000 covered existing debt, final construction costs, and operating reserves for the 140-unit complex, which opened in late 2023.