Dwight Capital closes $60M HUD 223(f) refinance for Davenport townhomes
The loan covers Birchwood Grove, a 194-unit community spread across 56 townhouse buildings plus a clubhouse building with 4,800 square feet of commercial space.
At a glance
Dwight Capital closed a $60 million HUD 223(f) refinance for Birchwood Grove, a newly developed 194-unit townhome community in Davenport, Iowa, Connect CRE reported.
The loan works out to about $309,000 per unit.
Dwight Capital closed a $60 million HUD 223(f) refinance for Birchwood Grove, a newly developed 194-unit townhome community in Davenport, Iowa, Connect CRE reported.
The loan works out to about $309,000 per unit. Birchwood Grove consists of 56 two- and three-story townhouse buildings plus a separate community building with a clubhouse, leasing office and 4,800 square feet of ground-floor commercial space.
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