Dwight Capital Expands Footprint

Over the course of 2017, the company funded 22 FHA loans totaling nearly $338 million spanning across Texas, Nevada, New York, Oregon, Georgia, Washington and Tennessee.

Josh Sasouness
Josh Sasouness, co-CEO of Dwight Capital

Dwight Capital has funded 22 FHA loans throughout 2017 through the Department of Housing and Urban Development’s Green Mortgage Insurance Premium (MIP) Initiative. The loans represented 33 percent of total transaction volume for the company last year, which equated to around $337.8 million. 

To qualify as an energy efficient housing project and obtain a reduced MIP, a community must meet industry standards for green building and achieve an ENERGY STAR certification. Dwight financed several properties through the program in 2017, including the following:

  • The Boulevard in Corinth, Texas, $24.1 million
  • Tivoli Apartments, Las Vegas, $48 million
  • Brentwood Estates, Springfield, Ore., $34.5 million
  • Waters View Apartments, Cohoes, N.Y., $30 million
  • 3343 Memorial Apartments, Murfreesboro, Tenn., $23.8 million
  • Brant Creek Apartments, St. Marys, Ga., $20.2 million
  • Vantage Pointe Homes at Morrowbone Heights, Ashland City, Tenn., $17 million

“HUD has led from the front in incentivizing owners to make their properties energy efficient,” Josh Sasouness, co-CEO of Dwight Capital, told Multi-Housing News. “As a partner, it’s inspiring to see how they continuously strive to make their distinctive programs even more attractive.” 

Image courtesy of Dwight Capital