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AUGUSTA, GA. — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided a $41 million loan for the refinancing of Pointe Grand Reservation Way, a newly constructed, 264-unit apartment community located at 255 Reservation Way in Augusta.
Josh Hoffman and Jonathan Pomper of Dwight Mortgage Trust originated the loan for the borrower, Winter Park, Fla.-based Hillpointe. The loan will refinance existing debt, fund an interest reserve, cover transaction costs and return built-up equity accumulated during construction.
Pointe Grand Reservation Way features a clubhouse, resort-style pool, business center, fitness center, firepit, picnic area and electric vehicle charging stations.