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 aportfolio 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:
About Dwight Capital
Dwight Capital LLC is one of the largest commercial real estate finance companies in the United States. Our range of services includes commercial lending across a variety of platforms such as FHA/HUD, Bridge, and Mezzanine Financing as well as Preferred Equity for both stabilized and new-construction properties. Dwight Capital is also one of the largest FHA/HUD lenders for multifamily and healthcare properties in the United States and services in excess of $9 billion of commercial real estate loans.
For more information about Dwight Capital, please visit: www.dwightcapital.com
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