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Dwight Capital Provides $37.2M Bridge Loan For Houston Multifamily Acquisition

11810 Algonquin Drive
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This MultiFamily property located in TX received a loan of $37,200,000 about 2 years ago.

Located at 11810 Algonquin Dr in Houston, this multifamily property consists of 460 units. The asset, owned by Bodka Creek Capital, recently underwent a closed transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $37,200,000
  • Market: Houston
  • Lender: Dwight Capital - Adam Sasouness
  • Landlord: Bodka Creek Capital
  • Loan Type: Bridge Loan

The lender for this transaction was Dwight Capital, represented by Adam Sasouness. They provided a bridge loan worth $37,200,000 for the acquisition of the property by Bodka Creek Capital. The deal was successfully closed on 12/29/2021.

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Deals
  • Location
    11810 Algonquin Drive, Houston, TX 7708911810 Algonquin Drive, Houston, TX 77089
  • Loan Value
    $37,200,000$37,200,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Lender1 Lender

Dwight Capital

Dwight Capital

Lender
Deals60
Volume$ 29.4B

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Deal Summary

LOAN IMAGE: Adam Sasouness DATE: 12/29/2021 ADDRESS: 11810 Algonquin Dr MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 460 LENDER: Dwight Capital - Adam Sasouness LANDLORD: Bodka Creek Capital LOAN AMOUNT: $37,200,000 LOAN TYPE: Bridge Loan

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