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Dwight Capital & Dwight Mortgage Trust Close $118.35MM in Seniors & Healthcare Financing During Q1 2023

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Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (“DMT”), financed over $118.35MM in seniors and healthcare financing during Q1 2023. Among the transactions is a HUD loan for Riverfront Rehabilitation and Healthcare Center.

Dwight closed a $31.2MM HUD 232/223(f) refinance for Riverfront Rehabilitation and Healthcare Center, a 180-bed skilled nursing facility (“SNF”) in Pennsauken, NJ. The SNF features a beauty salon, gym, lounges, landscaped outdoor spaces, and waterfront views. The HUD loan refinanced an existing bridge loan provided by Dwight Mortgage Trust in June 2022. Managing Director of Healthcare Finance, Adam Offman, originated this transaction.

Some other notable Q1 2023 transactions:

  • $40MM bridge loan for a portfolio of six skilled nursing facilities in the South-Central region of the U.S.

  • $38.8MM HUD 232/223(f) loan for a 200-bed SNF in New York.

  • $6.4MM bridge acquisition loan for Charleston House Assisted Living & Memory Care, a 120-bed assisted living facility (“ALF”) in Houston, TX.

  • $2MM mezzanine loan on a 200+ bed SNF for an existing client in Aurora, CO.