Dwight Capital and its affiliate, Dwight Mortgage Trust, financed $475.5 million in real estate financings last month, the companies announced Tuesday.
Among the major transactions, Dwight Mortgage Trust closed an $80 million bridge loan for the acquisition of a five-property, 518-bed skilled nursing facility portfolio of properties spread throughout central Florida. In conjunction with the bridge loan, Dwight Healthcare Funding provided a $12 million working capital line of credit to support the portfolio’s ongoing operational needs.
Other highlights of the month include a $49 million bridge loan provided by DMT for a newly constructed 222-unit luxury apartment community in Minneapolis. Also, Dwight Capital financed a $43 million HUD 223(f) loan for a 264-unit lakefront apartment community in Brunswick, GA.
Dwight Capital and DMT previously announced that they closed on $521 million in long-term care financing in the first quarter.
