Nods from the rest of the recreated infantry company agreed and we stepped off with an impressive ‘Rebel Yell.’Īnd so two years later the American Battlefield Trust and its members are making good on this promise. While forming them into ranks to recreate the charge of Pickett’s brigade one attendee said, “Lets do this.” I glanced back with a quizzical look expecting them to have mentally teleported back to 1862 and hyping themselves up to crack the imaginary Union. Continued threats of development, unregulated metal detecting, and the pressures of Hampton Roads real estate prices had left us with only a handful untouched, pristine, parcels left in James City County, and in fact only a dozen in the entire Williamsburg area. Show off these sites now to some of the most motivated preservationists in the Country. We had received permission from several private and public land owners to visit sites associated with the Battle of Williamsburg which are normally off limits. After the conference my mind and body were exhausted but I could not stop smiling.Īlthough held in Newport News, over the course of three days my tours traversed what little remained of the battlefield in Williamsburg. Needless to say, the questions and comments that a tour guide receives during an ABT program isn’t even in the same league as those you receive from the general public. Held in Newport News this event brought together the most dedicated and knowledgeable preservationists together under one roof. Today, a preservation effort is underway to save these few remaining acres of the Williamsburg Battlefield.įor three days during the early summer of 2018, I had the honor to deliver a set of tours during the American Battlefield Trust’s (ABT) annual conference. Baksh originated the loan on Autumn Breeze and Managing Principal, Josh Sasouness, originated The Retreat at Grand Prairie.Form the Battle Line! Attendees at the 2018 American Battlefield Trust conference form ranks in the “bloody ravine.” This was the scene of intense hand-to-hand combat during the battle. The proposed 7.74-acre site is situated in a neighborhood that consists of single-family homes, retail, and apartment communities. The construction loans Dwight closed included a $25.16 MM loan on Autumn Breeze Apartments, a proposed 216-unit market-rate, gated community of garden apartments to be located on a site of over 12 acres in Wilmer, TX and a $24.8 MM loan on The Retreat at Grand Prairie, a 154-unit new construction Senior housing community in Grand Prairie, TX. We are thrilled to close these transactions and lock in very low interest rates for the next 35 years,” said Dunton. “Dwight was able to navigate the HUD process with ease and pull off the rare acquisition via the HUD 223(f) for East Beach Marina. The borrower for Aura at Quarterpath and East Beach Marina Apartments, Dwight Dunton, was very pleased with the outcome of the financings. East Beach Marina Apartments is part of a 100+ acre master plan that will ultimately be developed to include 700 residences, restaurants, boutique shops and offices. Managing Director, Brandon Baksh, and Originator, Karnveer Bal, closed a pair of loans with a longstanding client of Dwight: a $41.76 MM cash out HUD 223(f) loan for the Aura at Quarterpath, a 228-unit four-story apartment community in Williamsburg, VA, which paid off an existing HUD loan, and a $28.7 MM HUD 223(f) loan on East Beach Marina Apartments, which is a market-rate apartment community built in 2015 located in Norfolk, VA. The balance of the $116.2 MM in loans were senior living and skilled nursing loans.įeatured among our most recent transactions are HUD 223(f) loans on Aura at Quarterpath and East Beach Marina Apartments and HUD 221(d)(4) construction loans on Autumn Breeze Apartments and The Retreat at Grand Prairie. Of the total, $307.9 MM were multifamily loans including $246.7 MM devoted to properties that qualify as Green/Energy Efficient Housing, and $33.6 MM to affordable housing communities. Dwight Capital is pleased to announce a strong yearend closing over $424 MM in the fourth quarter of 2019.
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