Dwight Capital has agreed on a $60 million cash-out joint loan to refinance a mixed-use apartment complex in northwest Texas.
The loan will revoke existing debt on Residences at Town Square, a 480-unit luxury multifamily asset in Amarillo, Texas.
The financing package was originated by Dwight Vice President Daniel Malka with Daniel Hartnett of Greysteel arranging the transaction on behalf of the borrower, Texas Residences at Town Square.
Located at 9181 Town Square Boulevard, the property was built in 2015 and 2019 and consists of four five-story buildings situated on more than 32 acres. Its facilities include a fitness center, playground and resort-style pool. There is also 121,360 Sq Ft. of ground-floor retail space that holds a dental office, nail bar, spa, and steakhouse.