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Dwight Capital Provides Over $191M in Seniors Housing Financing in Fourth Quarter

NEW YORK CITY — Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed over $191 million in seniors housing financing during fourth-quarter 2022.

The Manhattan-based financial services firm closed a $39 million bridge loan to facilitate the acquisition of a two-property skilled nursing portfolio in Fort Lauderdale, Florida: Manor Oaks and Manor Pines. The facilities are three miles apart and comprise 322 beds across approximately 111,800 square feet. Adam Offman originated the transaction.

Offman also originated a $24.3 million bridge refinancing for a portfolio of two skilled nursing facilities in Columbus and Rome, Georgia: River Towne Center and Etowah Landing. Together, the facilities feature 310 beds across 87,400 square feet.

Dwight’s other seniors housing transactions in the quarter include:

  • a $21 million bridge refinancing for a 611-bed skilled nursing portfolio located across Ohio.
  • a $20 million HUD 232/223(f) loan for an assisted living portfolio comprising 202 beds across North Carolina.
  • a $17.1 million HUD 232/223(f) loan for a 100-bed skilled nursing facility on Long Island in New York.
  • a $16.1 million bridge acquisition loan for two assisted living communities totaling 169 beds: Cannon Rivers Senior Living in Cannon Falls, Minnesota, and Wickshire Madison in Madison, Wisconsin.
  • a $10.9 million bridge acquisition loan for Glenbridge Health and Rehabilitation Center, a 134-bed skilled nursing facility in Boone, North Carolina.
  • an $8.25 million HUD 232/223(f) loan for Brookside Commerce, a 62-bed assisted living and independent living facility in Commerce, Georgia.
  • an $8 million HUD 232/223(f) loan for Regency House of Alexandria, a 70-bed skilled nursing and assisted living community in Alexandria, Louisiana.

The post Dwight Capital Provides Over $191M in Seniors Housing Financing in Fourth Quarter appeared first on Seniors Housing Business.

Source: Senior Housing Business

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