Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, closed $650.7 million in seniors housing financings during the second quarter of 2025. The transactions featured a mix of bridge and HUD loans for assisted living communities and skilled nursing facilities across several states.
In one of the significant transactions, DMT originated a $230 million bridge loan to facilitate the acquisition of a 19-asset skilled nursing/assisted living portfolio in Ohio. The deal was arranged by Adam Offman and Yossi Benish. DMT also provided an $80 million bridge acquisition loan for a five-asset SNF portfolio in Central Florida, along with a $12 million working capital line of credit to help fund the portfolio’s operations. Josh Strum led that transaction.
The firm additionally closed several notable HUD 232/223(f) financings, with one being a $68 million HUD loan for a 480-bed, four-property skilled nursing portfolio in Florida, as well as a $20.8 million HUD loan for Southview Acres Healthcare Center, a 220-bed SNF in West Saint Paul, Minnesota. Additional HUD loans included $15.2 million for St. Sophia Health and Rehabilitation, a 240-bed SNF in Florissant, Missouri, $13.1 million for a 117-bed not-for-profit AL community in the Southeast that qualified for a Green Mortgage Insurance Premium (MIP) reduction, and $10.6 million for Edenbrook of Edina, an 85-bed SNF in Edina, Minnesota.
DMT was also active on the bridge lending front. The firm provided a $31.5 million bridge loan, including a $9 million revolving line of credit, for the acquisition of two SNFs in Norwalk and Stamford, Connecticut, that total 306 beds. In Rhode Island, DMT originated a $26.9 million bridge acquisition loan for two SNFs with 318 beds in Smithfield and Woonsocket, which included a $7 million revolving line of credit. The firm also closed an $11 million bridge loan for Northridge Health Center, a 96-bed SNF in North Ridgeville, Ohio, with a $5.5 million revolving line of credit.
Lastly, there were two bridge refinances, one for a 217-bed portfolio of two SNFs in East Bridgewater and Milford, Massachusetts, totaling $21 million and including an $8 million revolving line of credit, and one for Bria of Palos Hills, a 207-bed SNF in Palos Hills, Illinois, totaling $20 million.
