Dwight Capital had a busy February for bridge loans, closing four separate loans for more than $13.7 million. The bridge loans included $3.96 million for a 12-bed skilled nursing facility in Kansas and a $3.7 million loan for a three-facility, 193-bed portfolio that was sold by a not-for-profit to a repeat client of Dwight Capital.
In addition, the Dwight team closed a $3.77 million bridge loan on a 116-bed SNF in New Jersey for a buyer that owns and operates several facilities in the state. Finally, they closed a $2.34 million bridge loan on a 32-bed assisted living community in New York. Once the HUD refinancing is completed, Dwight Capital will be providing a supplemental loan for the construction of a new 68-bed wing.