Malka and Gauptman of Dwight Capital finances $29 million bridge loan - a 121-unit luxury apartment community

Mystic, CT Dwight Capital has closed a $29 million bridge refinance for Harbor Heights Apartments, a 121-unit luxury apartment community.

Daniel Malka and Jacob Gauptman with Dwight Capital originated the transaction. The loan paid off an existing construction loan, and a portion of its cash-out proceeds will be used towards pre-development costs for a second phase of the property.

The 2020-constructed property consists of one four-story building situated on 10.5 acres.