Dwight Capital reported a very active fourth quarter, with more than $116 million of HUD and bridge loans closed for senior living and skilled nursing clients. One of the largest transactions saw Adam Sasouness and Adam Offman finance a $16.5 million bridge loan for a 375-bed skilled nursing facility in Oklahoma City, Oklahoma that features both short- and long-term rehabilitation, a secure memory care unit and a recently renovated dialysis unit. Mr. Offman also originated a pair of bridge loans in Rhode Island, including $16.4 million for a 167-bed assisted living/memory care/skilled nursing facility in Greenville and an $8.16 million loan for a 100-bed SNF in Pascoag.
Another highlight includes a $50.8 million HUD loan closed for a 246-bed SNF in Cherry Hill, New Jersey that Mima Healthcare acquired for $46 million in February 2018. There were also five bridge loans ranging in size from $2.7 million to $5.2 million closed for skilled nursing facilities and assisted living communities in four states. Finally, Dwight branched out and also arranged construction financing for three substance abuse treatment facilities in Ohio, Indiana and Virginia.
