Dwight & Co Affiliate Expands Healthcare Team and Capital Solutions

Dwight & Co has expanded its Seniors Housing and Healthcare financing solutions by successfully launching working capital revolving lines of credit (revolvers), investing in new technology, and broadening the depth of its healthcare team. Revolvers integrate seamlessly into Dwight's existing bridge, mezzanine, and HUD healthcare lending platform, establishing an efficient, comprehensive suite of financial solutions for healthcare operators.

In January 2024, Dwight closed its first two revolvers and has a strong pipeline of new business. The revolvers were structured as a complement to Dwight’s bridge mortgage loans.

“Dwight is affirming its long-term positive outlook on the Seniors Housing industry with key investments in leadership, technology, and complementary lending solutions for years to come,” said Adam Sasouness, CEO of Dwight Capital. “The team is leveraging advanced technology in an innovative way to better serve our borrowers. We’re streamlining capital for our clients’ operational needs, thus allowing owners and operators to prioritize senior care.”

Dwight has over 150 employees supporting originations, underwriting, capital markets, asset management, and servicing. To establish this initiative, Dwight expanded its team by welcoming Paige Ela as Managing Director of Healthcare Finance and Itay Silverberg as Director of Analytics. Their expertise combining revolvers and technological initiatives adds valuable depth to the Dwight team.

The healthcare team diligently re-conceptualized the relationship healthcare owners and operators have with their capital partner(s). This includes its proprietary technology and integrated process, which focuses on supporting clinical and financial improvement leading to a HUD refinance. Paige added, “I am honored to work alongside such a dedicated and successful group of professionals. Launching the revolver product is an opportunity to provide Dwight’s clients with access to working capital revolvers, re-envisioned for the ever-evolving challenges faced by healthcare owners and operators. Starting fresh gives our team a unique and unfettered ability to re-think and re-imagine a classic healthcare financing product that meets our clients' current and future needs.”

Paige has over 20 years of experience working in healthcare at both public and privately held institutions, including SEC and FDIC-regulated firms. She joined Dwight following five years at Forbright Bank, serving as Executive Vice President and COO of Healthcare Lending. Paige’s diverse experience includes managing complex healthcare asset classes above the $1B threshold, overseeing revenue cycle management, finance, and medical operations for a private equity-backed healthcare company.

Itay was previously the Head of Data Analytics at Greystone Monticello LLC, where he managed a team and external vendor relationships to support the firm’s strategic data and technology initiatives. He was responsible for developing and managing the firm’s portfolio management platform, which serviced a portfolio of over $5B. Itay was also a Senior Credit Underwriter at Monticello Asset Management LLC, where he executed over $600MM in healthcare and real estate transactions, including mortgage, mezzanine, asset-based lending, and equity structures for skilled nursing, assisted living, and affordable housing assets.