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World Business
January 13, 2021

Dwight Capital Closes Q4 2020 with $117.57 MM in Healthcare Financings

Laurels Portfolio

Dwight Capital provided over $117.57 MM in healthcare financing during Q4 2020. Featured among these transactions are loans for several properties within the Recover Care, The Laurels, and Landmark Portfolios.

Dwight closed $15 MM in bridge and mezzanine financing for the acquisition of the Recover Care KS Portfolio, a 253-bed, 3-asset assisted living (“ALF”) and skilled nursing facility (“SNF”) Portfolio located across Kansas. Managing Principal, Adam Sasouness, originated this transaction.

Sasouness also originated $13.95 MM in bridge financing for the Laurels Portfolio, a 313-bed, three-asset ALF/SNF portfolio located across Northeast Ohio. The transaction, closed for repeat Dwight clients, facilitates the acquisition of The Laurels of Shane Hill, The Laurels of Toledo, and The Laurels of Canton.

Dwight also closed $11.46 MM in HUD 232 loans for the Landmark Portfolio, consisting of two SNFs, The Pavilion Rehabilitation and Nursing Center and Saint Francis Rehabilitation & Nursing Center, with a total of 219 beds located in Massachusetts. These loans were uniquely structured with a 4-year prepayment penalty. Managing Director, Adam Offman, originated these transactions.

Dwight also provided healthcare financing for these senior housing communities last quarter: