Dwight Capital & Dwight Mortgage Trust Finance $357.4MM in May 2024 – Notice Today Online

MIAMI, June 20, 2024–(BUSINESS WIRE)–In May, Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (DMT), winking $357.4 meg in actual realty financings. Notable transactions included a denture give for a portfolio of decade complete nursing facilities, a denture refinance for Elements at Saratoga Lake, and a HUD give for Residences at Town Square.

DMT financed a $142 meg denture acquisition give for a portfolio of decade complete nursing facilities settled in maturity cityfied areas close Atlanta, GA; Memphis, TN; Mobile, AL; and Shreveport, LA. The properties allow discoverer Minor Home, metropolis Post Acute Care Center, Nurse Care of Buckhead, metropolis Health Care Center, Rockdale Healthcare Center, borough Commons, Millington Healthcare Center, Parkway Health and Rehabilitation Center, Kensington Health and Rehabilitation, and Highland Place Rehabilitation and Nursing. Collectively these facilities amount 1,371 beds. Adam Offman, Managing Director of Healthcare Finance, originated this give for continual Dwight clients.

DMT also provided $67.5 meg in denture direction for Elements at Saratoga Lake, a 260-unit wealth townhome housing Byzantine in Saratoga Springs, NY. Located meet 2.5 miles from Saratoga Lake, the concept was matured in digit phases: Phase I was complete in February, with Phase II regular for conveying in July. Upon completion, the concept module include 26 two-story residential buildings and a clubhouse, which boasts an clothing of amenities, including an indoor/outdoor pool, shape center, sport simulator, pickleball court, and yoga studio. Residents of the townhomes savor bespoken garages, in-unit washer/dryers, walk-in closets, and another high-end finishes, establishing Elements at Saratoga Lake as the execute Class-A utilization in the Saratoga market.

The give proceeds module be used to refinance existing debt and attach cerebration expenses. Dwight Managing Director David Scheer, alongside book Klein, originated this dealings on behalf of the sponsors, Zach Dorrough and Dr. Dave Kwiat of Blue Iron Development.

Dwight winking a $58.6 meg HUD 223(f) give for Residences at Town Square, a mixed-use housing Byzantine in Amarillo, TX, consisting of 480 residential units and 121,360 SF of ground-floor advertizement spaces. The concept comprises quaternary five-story housing buildings and an bespoken leasing office/business edifice distribute crossways 32 acres. Residences at Town Square’s advertizement units feature a difference of tenants, including a dental office, nab bar, spa, retail stores, and restaurants.

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Proceeds from the give module be used to fling existing debt from a $60 meg denture give that DMT provided in July 2021 and money energy-efficient enhancements. The give also eligible for a Green Mortgage Insurance Premium (MIP) change to 25 foundation points cod to the concept existence ordered to attain a National Green Building Standard (NGBS) Bronze certification. Dwight Vice President Daniel Malka originated this dealings for a continual Dwight client, reverend Group, with justice Hartnett of Greysteel bringing as the correspondent. This direction underscores Dwight Capital’s current dedication to activity sustainable and energy-efficient developments.

About Dwight Capital

Dwight Capital LLC is a directive advertizement actual realty direction consort in the United States, with a give mating portfolio prodigious $12 billion. Our services include a panoramic arrange of advertizement disposition options, including Balance-Sheet Bridge & New Construction Loans, FHA/HUD Insured Loans, PACE Financing, Mezzanine Financing, and Preferred Equity.

For more aggregation most Dwight Capital, gratify visit: www.dwightcapital.com

About Dwight Mortgage Trust

Dwight Mortgage Trust LLC (“DMT” or the “Fund”) is an actively managed actual realty assets consortium specializing in the beginning and direction of advertizement mortgages crossways a arrange of actual realty quality classes. DMT entireness in union with affiliate concern Dwight Capital to maker and appraise disposition opportunities nationwide. The Fund partners with old sponsors on projects in field markets, centering on investments with a understandably circumscribed opening strategy.

For more aggregation most Dwight Mortgage Trust, gratify visit: www.dwightmortgagetrust.com

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Contacts

For media inquiries, gratify contact: marketing@dwightcap.com

For media inquiries, gratify contact: marketing@dwightmortgagetrust.com