Real estate finance firm opens office in Miami area – Commercial Observer

Finance


Another feature of the Miami-area office market is that a New York-based real estate finance company has opened an office in Miami-Dade County.

dwight capital and its affiliated real estate investment trusts, Dwight Mortgage Trustacquired 4,000 square feet at Milton Tower and 16690 Collins Avenue Located in Sunny Isles Beach. Property listings on LoopNet say the asking rent for the 14-story, 102,000-square-foot building is $63 per foot.

Dwight Capital and Dwight Management Trust said the new office will serve South Florida borrowers, brokers and investors.

“This expansion will enable us to better serve our customers in regions where we plan to significantly expand our operations.” Adam SusnessManaging principals of Dwight Capital and Dwight Mortgage Trust said in a statement. “South Florida is increasingly becoming a preferred destination for commercial real estate finance. We are here to contribute to that growth and be part of that future in a very big way.”

Dwight Capital’s loan repayment portfolio is $12 billion. The Company’s commercial financing products include balance sheet loans, construction loans, mezzanine finance and preferred stock.

Recent deals include: $38.8 million loan New townhouse project in Delaware and $31.1 million refinancing A view of an apartment building project in Oregon.Both transactions are backed by U.S. Department of Housing and Urban Development (HUD) loan.

Who developed the Milton Tower J. Milton & Associates Completed in 2020, the office is one of the few newly built Class A offices located in a largely residential area on the island known for its beaches and exclusive residential areas.

Jeff Ostrowski Please contact jostrowski@commercialobserver.com.



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