Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed over $118.35 million in seniors and healthcare financing during the first quarter of 2023. Among those transactions, Dwight closed a $31.2 million HUD refinance for Riverfront Rehabilitation and Healthcare Center, a 180-bed skilled nursing facility in Pennsauken, New Jersey. The SNF features a beauty salon, gym, lounges, landscaped outdoor spaces and waterfront views. The HUD loan refinanced an existing bridge loan that was provided by Dwight Mortgage Trust in June 2022. Managing Director of Healthcare Finance, Adam Offman, originated this transaction.
Some other notable transactions from the quarter included a $40 million bridge loan for a portfolio of six skilled nursing facilities in the South Central region of the United States, a $38.8 million HUD loan for a 200-bed SNF in New York, a $6.4 million bridge acquisition loan for Charleston House Assisted Living & Memory Care, a 120-bed assisted living community in Houston, Texas, and a $2 million mezzanine loan on a 200+ bed SNF for an existing client in Aurora, Colorado.
