Dwight Capital’s $ 28 million agency loan refinances Las Vegas apartment complex
Two local Las Vegas private investors have secured $ 28 million in agency debt issued by New York-based alternative lender Capital Dwight refinance Desert Sky Apartments in Las Vegas, learned Commercial Observer.
the US Department of Housing and Urban Development (HUD) Section 223 (f) Refinance Created For Homeowners Vicky and Pierre Palivos, two local Las Vegas investors and philanthropists who started an ownership entity called Desert LV LLC, according to Nevada state records and sources. Borrowers are also the registered agents behind a separate entity referred to as Nevada Real Estate Investments LLC, according to Nevada State records.
Executive Vice President of Dwight Capital Keith hoffman was responsible for the origination of the HUD loan. This is the second HUD refinance the financier has closed for homeowners in the past 24 months.
Built in 1997 and last renovated in 2001, Desert Sky Apartments comprises 12 two-story garden-style apartment buildings, as well as a clubhouse and rental office, which span over six acres. at 9655 South Las Vegas Boulevard, which is located near Interstate 15 and approximately 14 miles south of downtown Las Vegas.
The 170 apartments at the gated property include one, two and three bedroom residences, varying in size from 715 square feet to approximately 1,200 square feet, and include a laundry room, according to the property’s website and information from the apartment listing service. com.
Community amenities include a pool and spa, a fitness center, covered parking, and a garage, according to the property’s website. Monthly apartment rents range from about $ 1,000 for one-bedroom apartments to about $ 1,500 for three-bedroom apartments.
The borrowers on this case could not be reached.