Dwight Mortgage Trust Finances $43MM Bridge Loan for Avian in Colorado

Dwight Mortgage Trust (“DMT”), the affiliate REIT of Dwight Capital, closed a $43 million bridge loan to refinance Avian, a newly built, 169-unit luxury apartment community located in downtown Colorado Springs, CO. Community amenities include a parking garage, resort-style pool, spacious gym, and work-from-home lounges. The community’s central location offers convenient, walkable access to dining, retail, public transportation, and major employment centers.

Dwight closed the loan upon issuance of the initial Temporary Certificate of Occupancy (“TCO”). Proceeds were used to repay the project’s construction loan and fund transaction-related costs. The transaction was originated by Dwight Capital’s Brandon Baksh and Talisse Thompson on behalf of the sponsor, Jackson Dearborn Partners.