Dwight Capital Closes 2019 with Over $1.2B in Financings

Dwight Capital completed another banner year in 2019, closing more than $1.2 billion in real estate financings, and increased its servicing volume to $4.2 billion. Dwight Capital continued its dominant run in the leaderboards as a top-5 HUD lender for the fifth consecutive year. Dwight projects its 2020 pipeline to more than double with a target in excess of $2 billion.

In 2019, Dwight expanded its offerings to include a privately traded REIT, Dwight Mortgage Trust, which has closed approximately $500 million in bridge financings; in addition to an industry leading mezzanine financing vehicle, Dwight Mezz Fund.

Notable closings in 2019 included:

• $50.8 MM HUD 232/223(f) loan for Silver Healthcare Center, a 246-bed SNF in Cherry Hill, NJ.

• $46.5 MM HUD 223(f) loan for Positano Apartments, a 360-unit energy efficient garden-style apartment complex in Las Vegas, NV.

• $41.76 MM HUD 223(f) loan on Aura at Quarterpath, a 228-unit four-story energy efficient apartment community in Williamsburg, VA.

• $41.18 MM HUD 223(f) loan on The Preserve at Ballantyne Commons, a 270-unit energy efficient, market-rate apartment building in Charlotte, NC.

• $41 MM bridge loan on Springs at West Chester, a 308-unit Class-A, garden-style apartment community located in West Chester, OH.

• $39.2 MM HUD 223(f) loan on Lost Creek at Lakewood Ranch, a 272-unit energy efficient garden-style apartment community in Bradenton, FL.

• $36.5 MM HUD 223(f) loan on The Village at Wildcreek, a 240-unit energy efficient garden-style apartment complex located in Sparks, Nevada.

• $31 MM HUD 223(f) loan on Tesora Apartments, a 231-unit Class-A, energy efficient garden-style apartment complex in Las Vegas, NV.

• $29.76 MM HUD 223(f) loan on Autumn Creek Apartments, a 228-unit, energy efficient apartment community in Amherst, NY.

• $28.7 MM HUD 223(f) loan on East Beach Marina Apartments, an energy efficient market-rate apartment community in Norfolk, VA.

• $28.3 MM HUD 223(f) loan for Oxford at Crossroads Centre, a 220-unit energy efficient garden-style apartment community located in Waxahachie, TX.

• $25.16 MM HUD 221(d)(4) loan on Autumn Breeze Apartments, a proposed 216-unit energy efficient market-rate, gated community of garden apartments to be located on a site of over 12 acres in Wilmer, TX.

• $25 MM bridge loan on Springs at Cottonwood Creek, a 260-unit Class-A, garden -style apartment community located in Waco, TX.

• $20.7 MM HUD 223(f) loan on Rockburne Estates, a 100% LIHTC 222-unit apartment complex in Washington, D.C.

• $11 MM HUD 223(f) refinance on Churchill Senior Living Phase I, a 121-unit, 100% LIHTC apartment community for seniors in Germantown, MD.

“A tremendous 2019 with in excess of $1.2 billion in financings nationwide is a collective achievement, made possible by the dedication of the entire Dwight Capital team. Our team has built lasting relationships with our clients with a focus on industry-leading execution speed, and a deep qualitative understanding of their needs,” said Adam Sasouness, Co-Founder and CEO of Dwight Capital.