• January 26, 2021

Dwight Capital Closes Q4 2020 With $117.57 MM in Healthcare Financings - Odessa American: Business

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Dwight Capital Closes Q4 2020 With $117.57 MM in Healthcare Financings

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Posted: Wednesday, January 13, 2021 8:30 am | Updated: 9:03 am, Wed Jan 13, 2021.

NEW YORK--(BUSINESS WIRE)--Jan 13, 2021--

Dwight Capital provided over $117.57 MM in healthcare financing during Q4 2020. Featured among these transactions are loans for several properties within the Recover Care, The Laurels, and Landmark Portfolios.

Dwight closed $15 MM in bridge and mezzanine financing for the acquisition of the Recover Care KS Portfolio, a 253-bed, 3-asset assisted living (“ALF”) and skilled nursing facility (“SNF”) Portfolio located across Kansas. Managing Principal, Adam Sasouness, originated this transaction.

Sasouness also originated $13.95 MM in bridge financing for the Laurels Portfolio, a 313-bed, three-asset ALF/SNF portfolio located across Northeast Ohio. The transaction, closed for repeat Dwight clients, facilitates the acquisition of The Laurels of Shane Hill, The Laurels of Toledo, and The Laurels of Canton.

Dwight also closed $11.46 MM in HUD 232 loans for the Landmark Portfolio, consisting of two SNFs, The Pavilion Rehabilitation and Nursing Center and Saint Francis Rehabilitation & Nursing Center, with a total of 219 beds located in Massachusetts. These loans were uniquely structured with a 4-year prepayment penalty. Managing Director, Adam Offman, originated these transactions.

Dwight also provided healthcare financing for these senior housing communities last quarter:

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 $6 billion of commercial real estate loans.

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20210113005584/en/

CONTACT: Media inquiries:

Dwight Capital

Lindsay Morrison -lm@dwightcap.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY BANKING

SOURCE: Dwight Capital

Copyright Business Wire 2021.

PUB: 01/13/2021 09:30 AM/DISC: 01/13/2021 09:30 AM

http://www.businesswire.com/news/home/20210113005584/en

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