Dwight Capital Closes $130M Refinancing for Miami Complex

Dwight Capital has secured a $130 million refinancing package for Gardens Residences, a multifamily housing development located in North Miami, marking another significant capital deployment in South Florida's residential sector.

The financing arrangement was structured to provide long-term capital for the property, which serves the growing rental demand in Miami-Dade County's northern corridor. Keith Hoffman and Aaron Kirshtein from Dwight Capital led the transaction, demonstrating the lender's continued commitment to Florida's multifamily market.

Omega Real Estate Management operates the Gardens Residences complex, which has benefited from the broader residential rental boom across South Florida. The property's location in North Miami positions it within a market that has experienced substantial population growth and economic expansion over recent years.

The refinancing comes as institutional investors maintain strong appetite for multifamily assets in Florida's major metropolitan areas. Miami-Dade County has particularly attracted capital due to its diverse economy, international business connections, and steady migration patterns from other U.S. regions.

Dwight Capital specializes in commercial real estate financing across multiple property types, with particular expertise in multifamily, office, and mixed-use developments. The firm has established a track record of providing capital solutions for properties in high-growth markets throughout the Southeast.

North Miami has emerged as an attractive submarket for residential investors, offering proximity to downtown Miami while maintaining relatively affordable housing options compared to more central neighborhoods. The area benefits from ongoing infrastructure improvements and commercial development that support long-term property value appreciation.

The $130 million transaction reflects broader trends in commercial real estate financing, where lenders continue to provide refinancing options for well-positioned properties despite evolving interest rate conditions. Multifamily properties have maintained favor among both lenders and investors due to consistent cash flow characteristics and demographic tailwinds supporting rental demand.

This financing arrangement enables Gardens Residences to optimize its capital structure while Omega Real Estate Management continues property operations. The deal underscores South Florida's position as a destination for both residents and real estate capital, with North Miami representing an important growth corridor within the broader Miami metropolitan area.