Dwight Mortgage Trust Provides $70M Loan for Newark Multifamily
Dwight Mortgage Trust, the REIT affiliate of Dwight Capital, has provided a $70 million loan for Cosmo 440, a recently renovated, 216-unit multifamily tower in the Weequahic neighborhood of Newark, NJ. The borrower is an entity sponsored by Yisroel Berger. Commercial real estate…
Dwight Mortgage Trust, the REIT affiliate of Dwight Capital, has provided a $70 million loan for Cosmo 440, a recently renovated, 216-unit multifamily tower in the Weequahic neighborhood of Newark, NJ. The borrower is an entity sponsored by Yisroel Berger. Commercial real estate…
BELLINGS Intelligence Score: 10
Why it matters
This $70 million multifamily loan by Dwight Mortgage Trust is a routine commercial real estate financing transaction without novel structure or broad market impact.
Sources
Connect CRE
Dwight Mortgage Trust Provides $70M Loan for Newark Multifamily
Dwight Mortgage Trust, the REIT affiliate of Dwight Capital, has provided a $70 million loan for Cosmo 440, a recently renovated, 216-unit multifamily tower in the Weequahic neighborhood of Newark, NJ. The borrower is an entity sponsored by Yisroel Berger. Commercial real estate…