Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed $191 million in seniors housing and healthcare financing during the fourth quarter of 2022. One highlight included a $39 million bridge loan to facilitate the acquisition of a two-property skilled nursing portfolio in Fort Lauderdale, Florida: Manor Oaks and Manor Pines. The facilities are three miles apart and comprise 322 beds across approximately 111,800 square feet. Adam Offman originated the transaction.
Mr. Offman also originated a $24.2 million bridge refinance for a portfolio of two SNFs in Columbus and Rome, Georgia: River Towne Center and Etowah Landing. Together, the facilities have 310 beds and encompass 87,400 square feet.
Dwight also provided financing for these senior care properties in the fourth quarter:
- $21 million bridge refinance for a 611-bed SNF portfolio located across Ohio.
- $20 million HUD loan for an assisted living portfolio comprising 202 beds across North Carolina.
- $17.1 million HUD loan for a 100-bed SNF in Long Island, New York.
- $16.1 million bridge acquisition loan for two assisted living communities totaling 169 beds: Cannon Rivers Senior Living in Cannon Falls, MN, and Wickshire Madison in Madison, Wisconsin.
- $10.9 million bridge acquisition loan for Glenbridge Health and Rehabilitation Center, a 134-bed SNF in Boone, North Carolina.
- $8.25 million HUD loan for Brookside Commerce, a 62-unit independent/assisted living community in Commerce, Georgia.
- $8 million HUD loan for Regency House of Alexandria, a 70-bed skilled nursing/assisted living facility in Alexandria, Louisiana.
