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Dwight Capital Closes 2021 with a Total of $5.68 Billion in Financings

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Dwight Capital Reaffirms its Position as Top Commercial Lender

2021 Total Loans (v4)

2021 was Dwight Capital’s most exceptional year to date, with more than $5.68 Billion in closed real estate loans (including $1.2 Billion in Interest Rate Reductions) across 40 states. The firm increased its servicing volume to over $9 billion and was once again one of the most active, direct HUD lenders in the country, upholding its industry-leading position as a top-3 HUD lender for the second consecutive year.

Dwight’s overall lending volume grew by 55%. Approximately $1.37 billion of the 2021 total was funded through the firm’s affiliate commercial mortgage REIT, Dwight Mortgage Trust. Dwight also expanded its offices as it opened a sixth location in Columbus, OH this year.

Some notable transactions during 2021 included:

  • $128 MM HUD 223(a)(7) loan for City Market at O Street, a 400-unit mixed-use project located in Washington, D.C. This refinance closed as the largest loan within HUD’s 223(a)(7) MAP multifamily program as of August 2021.

  • $94.3 MM HUD 232/223(a)(7) loan for The Village at Gainesville, a 651-bed senior living community located in Gainesville, FL. This refinance closed as the largest healthcare 232(a)(7) loan in HUD’s history to date.

  • $89 MM bridge acquisition loan for Certus Healthcare Portfolio, consisting of 1,395 beds across 15 skilled nursing facilities (“SNFs”) throughout Ohio.

  • $74.99 MM HUD 223(f) loan for Saddleback Ranch Apartments, a 305-unit garden-style apartment complex located in Mission Viejo, CA.

  • $66.8 MM HUD 223(f) loan for Ashburn Meadows Apartments, a 336-unit affordable apartment community located in Ashburn, VA.

  • $60 MM bridge loan for Residences at Town Square, a 480-unit mixed use apartment complex located in Amarillo, TX.

  • $60 MM HUD 223(f) loan for Coppermine Run, a 288-unit affordable apartment community located in Herndon, VA.

  • $56.3 MM HUD 232/223(f) loan for King David Center for Nursing and Rehabilitation, a 271-bed SNF located in Brooklyn, NY.

  • $56 MM bridge refinance for a 1,550-bed portfolio of eight SNFs located across Illinois.

  • $55 MM HUD 223(a)(7) loan for Mallard Lake Apartments, a 481-unit apartment complex located in Wheeling, IL.

  • $55 MM bridge loan for U Place Apartments, a 243-unit mixed-use luxury apartment complex located in the University District of Seattle, WA.

“I applaud the entire real estate industry, especially our team members at Dwight Capital, for the tremendous amount of hard work and sacrifice we all endured to make 2021 a record year overall,” said Josh Sasouness, Managing Partner of Dwight Capital. “It’s one of those times in life where it’s OK to look back for a second to realize what we have all accomplished. As the market continues to become more aggressive, even with a recent tangible rise in interest rates, I encourage both ourselves and the industry as a whole to continue the momentum through 2022 in a healthy and disciplined way.”