Dwight Capital, its affiliate REIT, Dwight Mortgage Trust (DMT), and Dwight Healthcare Funding (DHF) closed a combined $465 million in skilled nursing financings in the fourth quarter of 2025. The transactions spanned 12 states and included a mix of HUD, bridge, and revolving line-of-credit financings.
One notable closing was a $120 million bridge loan provided by DMT to finance five skilled nursing facilities in Florida comprising 795 beds. In the transaction, two facilities were refinanced, and three were acquired. To further support the facilities’ operations, DHF provided a $20 million working capital line of credit in conjunction with the bridge financing. Adam Offman originated the loan.
Additionally, Dwight Capital closed a $45 million HUD 232/223(f) loan for a 200-bed SNF in New York. Loan proceeds were used to retire existing debt and cover transaction costs. This transaction was also originated by Adam Offman. Other notable HUD deals included a $41.9 million loan for a 210-bed SNF in New Jersey, a $33.4 million loan for a 126-bed SNF in Connecticut, a $30.1 million loan for a 120-bed SNF in Virginia, and a $18.1 million loan for Bella Vista, a 132-bed assisted living community in Oshkosh, Wisconsin.
There were also several bridge loans closed throughout the quarter, the largest being a $51 million loan for the acquisition and refinancing of a 542-bed skilled nursing portfolio in New York. There was also a $12.3 million acquisition loan for a 129-bed SNF in Cincinnati, Ohio (plus a $6 million revolving line of credit), an $11.8 million acquisition loan for a 125-bed SNF in Texas, and an $11.5 million acquisition loan for Civita Care Center at Salmon Brook, a 126-bed SNF in Glastonbury, Connecticut, that also received a $4 million revolving line of credit.
