Dwight Capital and Dwight Mortgage Trust Finance Over $2 Billion in 2024, Expanding Their Capital Solutions

Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (“DMT”), closed 2024 with over $2 billion in real estate financings across 33 states. Dwight & Co. grew its servicing portfolio to more than $12 billion and launched several new lending platforms as it celebrated its eleventh anniversary.

Dwight Healthcare Funding was launched in January 2024, offering skilled nursing home operators working capital revolving lines of credit alongside Dwight’s bridge loans. Since its launch, the platform has facilitated $65MM in revolving credit commitments, underscoring Dwight’s ability to address the capital needs of healthcare borrowers.

Dwight Green Finance was introduced in July 2024 as a dedicated lending platform designed to support property improvements through C-PACE (Commercial Property Assessed Clean Energy). C-PACE enables property owners to access favorable, long-term financing for projects such as energy efficient upgrades, renewable energy installations, water conservation initiatives, and more.

In partnership with Terra Firma Capital Corporation, Dwight recently introduced Terra Dwight Residential Credit Fund III LP, a real estate finance initiative focusing on U.S. residential lot banking and senior land acquisition and development (A&D) loans. The initiative provides senior financing solutions to U.S. homebuilders and developers in high-growth markets, delivering critical capital solutions to the residential housing sector.

Notable closings from 2024 include:

$142MM Bridge Acquisition: Acquisition of a 1,353-bed portfolio of 10 skilled nursing facilities (SNFs) in urban markets near Atlanta, GA; Memphis, TN; Mobile, AL; and Shreveport, LA.

$108MM Bridge Refinance: The Shoreline, a 248-unit luxury high-rise in Brooklyn, NY, featuring 29,000 square feet of commercial space and benefiting from a 421-a tax abatement.

$75MM Bridge Refinance: 210 Clarkson, a newly built mixed-use property in Brooklyn, NY, with 165 residential units, 20,000 square feet of retail, and 421-a tax abatement eligibility.

$68MM Bridge Refinance: Elements at Saratoga Lake, a 260-unit luxury townhome community in Saratoga Springs, NY.

$62MM Bridge Acquisition: Acquisition of Civita Care Center's skilled nursing portfolio, consisting of 745 beds across six facilities in Connecticut, along with a $10MM revolving line of credit.

$61MM HUD 232/223(f) Loan: Hamlet Rehabilitation and Healthcare Center, a 240-bed SNF in Nesconset, NY.

$60MM HUD 223(f) Loan: Tanglewood @ Davis, a 216-unit garden-style apartment complex in Davis, CA, benefiting from a Green MIP reduction.

$59MM HUD 223(f) Loan: Residences at Town Square, a 480-unit mixed-use development in Amarillo, TX, with over 121,000 square feet of commercial space.

$52MM HUD 221(d)(4) Loan: Integra Isles, a planned 264-unit market-rate apartment community in Leesburg, FL.