Dwight Capital and Dwight Mortgage Trust Finance $521MM in Seniors Housing During Q1 2025

Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (DMT), closed $521 million in seniors housing financings during Q1 2025. The transactions included significant bridge and HUD loans for skilled nursing facilities (SNFs) in multiple states, underscoring Dwight's consistent nationwide presence in this sector.

DMT provided a $54.6 million bridge loan to finance the acquisition of a six-property, 925-bed skilled nursing portfolio in Pennsylvania. The properties include Hampton House in Wilkes Barre, Kingston Rehabilitation in Kingston, Pottsville Rehabilitation in Pottsville, Williamsport North and South Rehabilitation in Williamsport, and Yeadon Rehabilitation in Yeadon. In conjunction with the bridge loan, Dwight Healthcare Funding provided a $7 million working capital line of credit with an accordion feature up to $15 million, supporting day-to-day operations across all properties. Adam Offman, Managing Director of Healthcare Finance, originated this transaction for Eden Senior Care, a repeat Dwight client.

Dwight closed a $20 million HUD 232/223(f) refinance for Willow Brook Rehabilitation and Healthcare Center, a recently renovated SNF located in Kutztown, Pennsylvania. The 140-bed facility spans 53,000 square feet on four acres. Proceeds from the HUD loan, also originated by Offman, were used to retire existing debt and support ongoing capital improvements.

Other notable Q1 2025 seniors housing closings included:

• $50.6MM Bridge Refinance: 275-bed portfolio of four SNFs in the Southern US, including a $15MM revolving line of credit.

• $48.8MM HUD 232/223(f) Loan: 240-bed SNF in New York.

• $37.4MM HUD 232/223(f) Loan: 163-bed assisted living facility (ALF)/SNF in Maryland.

• $31.9MM Bridge Refinance: 250-bed portfolio of three SNFs in Pascoag and Warwick, RI.

• $25.5MM Bridge Refinance: 280-bed portfolio of three SNFs in Abbotsford, Beaver Dam, and Watertown, WI.

• $15.0MM Bridge Refinance: 358-bed portfolio of three SNFs in Brookshire, Floresville, and Giddings, TX.

• $13.8MM Bridge Refinance: Green Hill Senior Living and Rehabilitation, a 215-bed ALF/SNF in West Orange, NJ.

• $13.0MM Bridge Refinance: 150-bed SNF in Connecticut.

• $10.2MM HUD 232/223(f) Loan: Brentwood by The Bay, a 74-bed ALF in Warwick, RI.