NEW YORK, NY – Dwight Capital and its affiliate REIT Dwight Mortgage Trust have closed Q3 2022 with $192.3 million in seniors and healthcare financing.
Two notable Q3 transactions for the firms included providing $42 million bridge loan for the acquisition of a three-property, 387-bed skilled nursing facility portfolio, totaling 195,860 square feet in New Hampshire, and the financing of a $27 million bridge acquisition loan for a 293-bed portfolio of four assisted living and memory care facilities in Jamestown and Frewsburg, NY for borrower Culture Care Senior Living.
Dwight managing director Josh Sturm originated the $42 million transaction, which comprised Epsom Healthcare Center, Maple Leaf Healthcare Center and Villa Crest Nursing and Retirement Center in New Hampshire. Dwight's Josh Levin originated the $27 million loan transaction, which consisted of Tanglewood Manor, Memory Gardens, The Magnolia and Comfort Today in New York.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
