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Dominion Group Secures $53 Million Bridge Loan From Dwight Mortgage Trust For Knoxville Multifamily Community

Property Image
FINANCED
$53,000,000

Tennessee

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MultiFamily
Financed 10/17/2025
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Property Image
FINANCED

Dominion Group Secures $53 Million Bridge Loan From Dwight Mortgage Trust For Knoxville Multifamily Community

906 Waterfront Drive

See Similar Deals
MultiFamily
Financed 10/17/2025
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Summary

TENNESSEE
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in the transaction is a multifamily asset located at 906 Waterfront Drive in Knoxville, TN. This asset consists of 230 units and is situated near the University of Tennessee. A bridge loan was secured to refinance the property, reflecting its significant financial valuation in the market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $53,000,000
  • Lender: Dwight Mortgage Trust
  • Landlord: Dominion Group
  • Loan Type: Bridge
  • Date: 10/17/2025

The transaction highlights Dominion Group's role as the landlord, indicating their ongoing investment strategy in the Knoxville market. Dwight Mortgage Trust acted as the lender for the bridge loan, showcasing their involvement in financing multifamily properties.

Players

LENDER

Details

FINANCED
IMAGE: 10/17/2025 ADDRESS: 906 Waterfront Drive MARKET: Knoxville, TN ASSET TYPE: Multifamily ~ UNITS: 230 LENDER: Dwight Mortgage Trust (@DwightCap) LANDLORD: Dominion Group LOAN AMOUNT: $53,000,000 LOAN TYPE: Bridge NOTE: Dominion Group secured a $53 million bridge loan from Dwight Mortgage Trust to refinance South Banks, a 230-unit multifamily community near the University of Tennessee in Knoxville.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$53,000,000.00

Monthly NOI$353,333.33
Monthly Debt Service$334,996.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00