Dwight Capital closed over $80 million in healthcare transactions in the last couple of months. The closings included four bridge loans arranged for skilled nursing facilities across the country. A large 240-bed SNF in Memphis, Tennessee obtained the largest one totaling $22.7 million, while a 109-bed facility in Atlanta, Georgia and an 82-bed SNF in Salina, Kansas received $5.3 million and $3.7 million loans, respectively. Dwight wrapped up its bridge activity with a $13.2 million arranged on behalf of two skilled nursing facilities with 256 combined beds in Ohio.
Dwight Capital spread its wings and secured several other types of loans in the same span. The team refinanced a 90-bed assisted living community in Beverly, Massachusetts with a $13 million loan, taking out existing bank and partnership debt as well as providing a cash-out to the borrower in the process. Two facilities also obtained land and construction debt for their development, including a $4 million loan for a 43-bed substance abuse treatment facility in Concord, Massachusetts and a $22 million loan for an 88-bed memory care community in Los Angeles, California. That’s an impressive haul over two months.
