REBusinessOnline

Dwight Capital Provides $31.4M HUD-Insured Loan for Highland Club Apartments in Baton Rouge

BATON ROUGE, LA. — Dwight Capital has provided a $31.4 million HUD-insured loan for Highland Club Apartments, a 279-unit garden-style multifamily community in Baton Rouge. Located at 17505 Jefferson Highway, Highland Club is situated about 15.5 miles from downtown Baton Rouge.

Built in three phases between 2003 and 2019, the property includes 28 buildings and a clubhouse situated on over 23 acres. The average square feet of the units is 1,162 square feet. Community amenities include a pet park, swimming pool, poolside cabanas, picnic/barbecue area, business center, fitness center and walking trails.

Josh Sasouness of Dwight Capital originated the transaction. The loan benefitted from a green mortgage insurance premium (MIP) reduction set at 25 basis points because the property is Energy Star-certified. The loan was given to HCone LLC, the borrowing entity.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties