Miami-based Dwight Capital and its affiliate real estate investment trust, Dwight Mortgage Trust, financed $390.4 million in long-term care transactions during the second quarter of the year, the companies announced Monday.
The deals included bridge loans for several skilled nursing portfolios in multiple states, “highlighting DMT’s continued active involvement in this sector,” according to a press release.
In May alone, Dwight Capital and DMT closed $357 million in real estate financing. Deals included a $142 million bridge acquisition loan for a portfolio of 10 SNFs in Atlanta; Memphis, TN; Mobile, AL; and Shreveport, LA.
Other transactions during the second quarter included a $45.2 million bridge loan for SNFs in Massachusetts and Georgia, as well as a $33.2 million bridge loan for a SNF portfolio in Missouri.
DMT also provided a $29.8 million HUD 232/223(f) loan for a 120-bed SNF in the Southwest, a $17.5 million HUD 232/223(f) refinance for a 141-bed assisted living community in New Albany, IN; $14.2 million bridge refinance for a 203-bed portfolio of two SNFs in Ohio; $14 million HUD 232/223(f) loan for a 91-bed assisted living community in Green Valley, AZ; $13.1 million bridge refinance for a 243-bed portfolio of two SNFs in the Southeast; and $9.3 million HUD 232/223(f) loan for a 96-bed SNF in Evansville, WI.
