Dwight Mortgage Trust Refis Minneapolis Apartments With $50M Loan – Commercial Observer
Sherman Associates has secured a $49.5 million bridge loan to refinance a newly-built multifamily community in Minneapolis, Commercial Observer has learned. Dwight Mortgage Trust (DMT) supplied the loan for the Minneapolis developer’s Moment Apartments project that opened in late 2023. Loan proceeds will be used to retire existing debt, fund reserves and cover transaction-related costs,