Dwight Capital closes 2021 with a total of $5.68 billion in funding

NEW YORK–(BUSINESS WIRE)–2021 was Dwight Capitalthe most outstanding year yet, with over $5.68 billion in home loans closed (including $1.2 billion in interest rate cuts) across 40 states. The company grew its service volume to over $9 billion and was again one of the nation’s most active direct HUD lenders, maintaining its industry-leading position as one of the top 3 lenders HUD for the second consecutive year.

Dwight’s overall loan volume increased by 55%. Approximately $1.37 billion of the 2021 total was funded by the company’s affiliate Commercial Mortgage REIT, Dwight Mortgage Trust. Dwight has also expanded its offices by opening a sixth location in Columbus, OH this year.

Some notable transactions in 2021 included:

  • HUD $128bn 223(a)(7) ready for City Market at O ​​Street, a 400-unit mixed-use project located in Washington, D.C. This refinance closed as the largest loan in HUD’s 223(a)(7) MAP multifamily program in August 2021.
  • $94.3 MMHUD 232/223(a)(7) ready for The village of Gainesville, a 651-bed seniors’ residence located in Gainesville, Florida. This refinance resulted in the largest 232(a)(7) healthcare loan in HUD history to date.
  • $89 million bridge acquisition ready for Certus Healthcare Portfolio, consisting of 1,395 beds in 15 Skilled Nursing (“SNF”) facilities throughout Ohio.
  • $74.99 HUD 223 (f) ready for Saddleback Ranch Apartments, a 305-unit garden-style apartment complex located in Mission Viejo, California.
  • $66.8B HUD 223(f) ready for Ashburn Meadows Apartments, a 336-unit affordable apartment community located in Ashburn, Virginia.
  • $60 million bridge to lend for Residences in Town Square, a 480-unit mixed-use apartment complex located in Amarillo, TX.
  • HUD 60MM 223(f) ready for Race to the copper mine, a 288-unit affordable apartment community located in Herndon, Virginia.
  • $56.3MM HUD 232/223(f) ready for King David Center for Nursing and Rehabilitation, a 271-bed SNF located in Brooklyn, NY.
  • $56 million bridge refinancing for a portfolio of 1,550 beds of eight SNFs located throughout Illinois.
  • 55MM HUD $223(a)(7) ready for Mallard Lake Apartments, a 481-unit apartment complex located in Wheeling, IL.
  • $55 million bridge to lend 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 hard work and sacrifices we have all endured to make 2021 a banner year overall,” he said. declared Josh Sasouness, managing partner of Dwight Capital. “It’s one of those times in life where it’s okay to look back for a second to realize what we’ve all achieved. As the market continues to become more aggressive, even with a recent tangible rise in interest rates, I encourage us and the industry as a whole to build on this momentum through 2022 in a healthy and disciplined manner.

About Dwight Capital

Dwight Capital LLC is one of the largest commercial real estate finance companies in the United States. Our suite of services includes commercial loans on a variety of platforms such as FHA/HUD, Bridge and Mezzanine financing as well as preferred stock for stabilized properties and new construction. Dwight Capital is also one of the largest FHA/HUD lenders for multifamily and healthcare properties in the United States and services over $9 billion in commercial real estate loans.

For more information about Dwight Capital, please visit: www.dwightcapital.com

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