Dwight Capital Reports Active Third Quarter
The capital markets certainly appear healthy again, and as such, Dwight Capital reported a very active third quarter with over $170 million in bridge and HUD loans for senior care properties. For the M&A comeback to really commence, lenders will need to be willing partners on those deals, and five of Dwight Capital’s recent closings went to fund acquisitions. The largest was a $23.25 million loan for a 272-bed skilled nursing facility in Peckville, Pennsylvania. Bradley Clousing and Toby Siefert of Senior Living Investment Brokerage handled the sale, procuring 12 offers on the facility and closing the deal at the start of September. Built in 1974, the facility is licensed for 272... Read More »
Dwight Capital Reports Successful Second Quarter
Dwight Capital financed $234.15 million in seniors and healthcare financings during the second quarter. Dwight first closed a $94.3 million HUD loan for The Village at Gainesville, a large (and we mean large) senior living community located in Gainesville, Florida. This also was the largest healthcare 232(a)(7) loan closed in HUD’s history to date, which we covered in May. Set on 104 acres, the gated community features a total of 651 beds, including a majority of independent living beds with around 140 beds of assisted living and memory care. Originally built in 1986 and acquired in 1990 by the current owner, SantaFe HealthCare, the community has undergone substantial renovations over the... Read More »
Dwight Capital Closes Largest HUD 232(a)(7) Loan in History
The team at Dwight Capital just closed the largest healthcare 232(a)(7) loan in HUD’s history to date for a large seniors housing community in Gainesville, Florida. Set on 104 acres, the gated community features a total of 651 beds, including a majority of independent living beds with around 140 beds of assisted living and memory care. Originally built in 1986 and acquired in 1990 by the current owner, SantaFe HealthCare, the community has undergone substantial renovations over the years. The long list of amenities also includes a tennis court, swimming pools and convenience store. Josh Sasouness and Avi Lifshitz originated the transaction, which totaled $94.3 million... Read More »
Dwight Capital Refinances Twin Cities Community
Dwight Capital provided a HUD refinance for a senior living cooperative in Richfield, Minnesota, a Twin Cities suburb. Built in 2000, the community features 157 units in 12 stories and sits on a 1.7-acre site. Amenities include a library, fitness room, hair salon, community room, grocery store, individual storage space and exterior gardens. Josh Sasouness of Dwight Capital originated the transaction on behalf of the undisclosed borrower, providing a $22.2 million, or $141,400 per unit, loan for the property. The debt replaces a previous HUD loan and extends the borrower’s term. Read More »Schedule a demo
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