Dwight Capital Closes Q4 2021 with $291.46 MM in Seniors & Healthcare Financings

Dwight Capital financed $291.46 MM in seniors and healthcare financings during Q4 2021. Featured among these transactions are bridge loans for Certus Portfolio, Solaris Portfolio, and Epic Portfolio, which were funded through the firm’s commercial mortgage REIT, Dwight Mortgage Trust.

Dwight provided a $89 MM bridge acquisition loan for a 1,352-bed portfolio of fifteen nursing facilities located across Ohio. The borrower, Certus Healthcare Management (“HCM”), plans to invest in a capex plan to complete interior improvements on all the properties. Dwight Vice President Ari Mandelbaum originated this transaction.

“Working with Dwight on our largest transaction to date was an absolute pleasure. The focus and professionalism shown by every member of the Dwight team was nothing short of exemplary,” said Andrew Fishman, owner of Certus HCM.

Managing Director Adam Offman originated a $48.28 MM bridge acquisition loan for a portfolio of two skilled nursing facilities (“SNFs”) located in Florida: Solaris Healthcare Lake Bennet and Solaris Healthcare Palatka. Together the facilities are comprised of 300 beds and over 100,000 square feet. A portion of the loan proceeds will be used toward further improving the facilities.

Offman also originated a $38.8 MM bridge acquisition loan for another portfolio of two SNFs located in Tennessee and North Carolina: Holston Manor and Five Oaks Manor. Together the facilities are comprised of 388 beds across 107,000 square feet. The borrower for this transaction, Chuny Herzka, said, “It was a pleasure working with Dwight Capital on our recent acquisition financing. Dwight was able to provide insightful advisory as well as competitive financing terms to put us in the best position for success.”

Dwight also provided financing for these featured senior living communities in Q4 2021:

• $23.5 MM bridge refinance for Plainview Portfolio, consisting of two SNFs with a total of 158 beds located in Wauchula and Fort Pierce, FL.

• $11.95 MM HUD 232/223(f) loan for Heart of Georgia Nursing Home, a 100-bed SNF located in Eastman, GA.

• $10.4 MM bridge loan for a portfolio of two SNFs with a total of 216 beds located in Sylvania, GA and Ridgeland, SC.

• $10.15 MM bridge acquisition loan for Canton Nursing Center, a 100-bed SNF located in Canton, GA.

• $7.13 MM HUD 232/223(f) loan for Green Prairie Rehabilitation & Assisted Living, an 88 bed ALF/SNF located in Plainview, MN.