Oxford Enterprises Secures $31M Loan From Dwight Capital For Multifamily Development In Corinth

The asset involved in this transaction is a development site located at 2010 Corinth Parkway in Corinth, Texas. The site is intended for Phase II of a multifamily project known as Oxford at the Boulevard, which consists of 172 units. The loan structure for this development includes a construction loan amounting to $31,000,000 with nonrecourse terms.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $31,000,000
• Lender: Brandon Baksh & Brian Yee - Dwight Capital
• Landlord: Tony Swartz & Justin Swartz - Oxford Enterprises
• Loan Type: Construction
• Loan Terms: nonrecourse
• Market: Corinth
• Note: Dwight Capital provided a 90% LTC, nonrecourse HUD 241(a) loan for the project, marking one of just 11 similar loans closed nationwide in fiscal 2025.

This transaction features key contributions from Brandon Baksh and Brian Yee, representing Dwight Capital, who facilitated the loan, and Tony Swartz and Justin Swartz from Oxford Enterprises, who secured the financing for the ongoing development project. The transaction underscores significant collaboration among the involved parties to advance the multifamily project in Corinth, enhancing the area's real estate landscape.