Dwight Mortgage Trust Provides $49M for Minneapolis Apartments

Dwight Mortgage Trust Provides $49M for Minneapolis Apartments
News| May 20, 2025| Jasmine Kilman
Chicago & Midwest + Apartment Buildings

Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $49.15 million bridge loan to refinance Moment Apartments, a newly constructed 222-unit luxury apartment community in Minneapolis, Minnesota.

The property consists of a 10-story apartment building with 14,713 square feet of ground-floor retail space, leased to Starbucks and New Horizon Academy. The residential units include seven studios, 159 one-bedrooms, and 56 two-bedrooms.

Loan proceeds will be used to retire existing debt, fund reserves, and cover transaction-related costs. The financing was originated by Vice President Daniel Malka and Jonathan Pomper for the borrower, George Sherman and Chris Sherman of Sherman Associates.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC and Keynote Interviewer Fred Schreiber, Chief Operating Officer at Connect Midwest Multifamily on June 4, 2025, at The Midland Hotel, Chicago, IL. Register Today to network with your peers!

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