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Dwight Capital Arranges HUD 223(f) Loan for Harlem Luxury High-Rise
Dwight Capital has closed a $114-million HUD 223(f) refinance for 224 W 124th St., a 168-unit luxury high-rise residential building in Harlem. Dwight managing director Adam Offman originated the transaction on behalf of the borrower, Rester Management. Loan proceeds will be used to retire existing debt, including a $105-million bridge loan provided by Dwight Mortgage Trust, cover closing costs and establish a replacement reserve. “Over ...
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