Dwight Mortgage Trust has provided a $46-million bridge refinance for Villa Annette, a newly constructed, 220-unit garden-style apartment community in Moreno Valley. The transaction was originated by Andrew Tichy on behalf of repeat client Robert Lattanzio of Latco Enterprises.
Loan proceeds will be used to retire existing construction debt, cover closing costs, and repatriate equity to the borrower. Villa Annette comprises 14 two- and three-story buildings, offering a mix of one-, two-, and three-bedroom apartments and a variety of community amenities…