Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed $192.29 million in seniors housing and healthcare financing during the third quarter of 2022. Dwight provided a $42 million bridge loan to facilitate the acquisition of a three-property SNF portfolio in New Hampshire: Epsom Healthcare Center, Maple Leaf Healthcare Center and Villa Crest Nursing and Retirement Center. The facilities have 387 beds and approximately 195,860 square feet. Josh Sturm originated the transaction.
Dwight also financed a $27 million bridge acquisition loan for a portfolio of four assisted living/memory care communities in Jamestown and Frewsburg, New York: Tanglewood Manor, Memory Gardens, The Magnolia, and Comfort Today. Together, the communities consist of 293 beds. Josh Levin originated this transaction for the borrower, Gary Rohinsky, the CEO of Culture Care Senior Living.
Dwight also provided financing for these featured senior living communities in the third quarter:
- $50 million bridge acquisition loan for a 404-bed SNF portfolio located across Texas.
- $14 million bridge refinance for RegalCare at Harwich and Foremost at Sharon, a 201-bed SNF portfolio located in Harwich and Sharon, Massachusetts.
- $12.43 million bridge acquisition loan for a 314-bed SNF portfolio in Danielson and Willimantic, Connecticut.
- $11 million bridge refinance for St. Camillus Center, a 124-bed SNF located in Stamford, Connecticut.
- $10.6 million bridge acquisition loan for The Edwinola, a 200-bed assisted living, independent living, and memory care facility in Dade City, Florida.
- $9.2 million bridge acquisition loan for Forest Park Healthcare and Rehabilitation Center, a 114-bed SNF located in Carlisle, Pennsylvania.
- $7.6 million HUD 232/223(f) loan for Edenbrook of Oshkosh, a 110-bed SNF in Oshkosh, Wisconsin.
- $5.28 million HUD 232/223(f) loan for Edenbrook of Wisconsin Rapids, an 80-bed SNF in Wisconsin Rapids, Wisconsin.
