Baksh originated the loan on Autumn Breeze and Managing Principal, Josh Sasouness, originated The Retreat at Grand Prairie. The proposed 7.74-acre site is situated in a neighborhood that consists of single-family homes, retail, and apartment communities. The construction loans Dwight closed included a $25.16 MM loan on Autumn Breeze Apartments, a proposed 216-unit market-rate, gated community of garden apartments to be located on a site of over 12 acres in Wilmer, TX and a $24.8 MM loan on The Retreat at Grand Prairie, a 154-unit new construction Senior housing community in Grand Prairie, TX. We are thrilled to close these transactions and lock in very low interest rates for the next 35 years,” said Dunton. “Dwight was able to navigate the HUD process with ease and pull off the rare acquisition via the HUD 223(f) for East Beach Marina. The borrower for Aura at Quarterpath and East Beach Marina Apartments, Dwight Dunton, was very pleased with the outcome of the financings. This pet friendly community is near I-64, Williams and Mary Campus, and Busch Gardens. Aura at Quarterpath is a brand new, upscale community offering one, two, and three bedroom style floor plans. East Beach Marina Apartments is part of a 100+ acre master plan that will ultimately be developed to include 700 residences, restaurants, boutique shops and offices. 4050 Battery Blvd Williamsburg VA 23185 (757) 238-5073. Managing Director, Brandon Baksh, and Originator, Karnveer Bal, closed a pair of loans with a longstanding client of Dwight: a $41.76 MM cash out HUD 223(f) loan for the Aura at Quarterpath, a 228-unit four-story apartment community in Williamsburg, VA, which paid off an existing HUD loan, and a $28.7 MM HUD 223(f) loan on East Beach Marina Apartments, which is a market-rate apartment community built in 2015 located in Norfolk, VA. The balance of the $116.2 MM in loans were senior living and skilled nursing loans.įeatured among our most recent transactions are HUD 223(f) loans on Aura at Quarterpath and East Beach Marina Apartments and HUD 221(d)(4) construction loans on Autumn Breeze Apartments and The Retreat at Grand Prairie. Of the total, $307.9 MM were multifamily loans including $246.7 MM devoted to properties that qualify as Green/Energy Efficient Housing, and $33.6 MM to affordable housing communities. Pets are permitted, subject to Aura approval and additional monthly pet surcharge fee paid to Aura.Dwight Capital is pleased to announce a strong yearend closing over $424 MM in the fourth quarter of 2019. on Monday, and either have the apartment cleaned professionally to Aura's satisfaction beforehand, or pay Aura's fee (approximately $205) for it cleaning the apartment. You must vacate the apartment by 11:59 p.m. Additionally, you must pay up front the $1,705 Security Deposit - which is refundable if there is no damage - and get immediately and pay monthly for Electricity with Dominion Energy for heat, lights, and appliances. As with all Aura apartments, Aura also charges a mandatory monthly fee for trash pickup (at your apartment door), water, and other modest miscellaneous charges. If you rent directly from Aura, for this model apartment - The Dame - it charges approximately $2,450/month for 4-month lease, $2,585/month for 5-month lease, and a whopping $2,865/month for 6-month lease! (Aura's lease rates fluctuate a bit weekly.) BUT I AM LEASING TO YOU FOR ONLY $1705/MONTH FOR 5 MONTHS FROM THURSDAY, DECEMBER 24, 2021, TO MONDAY, MAY, 24, 2022 - PLUS AS A BONUS, YOU CAN LIVE RENT-FREE TO THURSDAY, DECEMBER 24, 2021, IF YOU LEASE ASAP BEFORE THEN! SINCE YOU WILL BE SUBLETTING AS MY REPLACEMENT, AURA REQUIRES THAT YOU STILL MUST APPLY FOR THIS PARTICULAR APARTMENT (205) WITH AURA AND ME, BE APPROVED BY AURA, AND SIGN AURA'S LEASE FOR THE REMAINDER OF MY TERM. My Aura lease does not expire until Monday, May 24, 2022. Per photos, it has refrigerator/freezer, range, microwave, dishwasher, double-sink, washer, dryer, stone counters, full kitchenette, window blinds, bathtub/showers, walk-in/ample closets, common amenities, trash pickup, and much more! I have lived in Williamsburg for 35 years and have my professional office in McLaws Circle, leased at Aura temporarily while between homes, and recently vacated to move into my new Kingsmill home. This is a spotless luxury apartment in the newest building of Aura at Quarterpath, which has been cleaned professionally.
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