Dealmaker: Dwight Capital and Dwight Mortgage Trust Close $246M in August

(The Village at Compass Pointe, courtesy of Dwight Capital)

Dwight Capital, New York, and its affiliate Dwight Mortgage Trust closed more than $246 million in real estate financing in August.

One $62 million construction loan was for The Village at Compass Pointe, a townhome and apartment community in Leland, N.C. David Glazer, Managing Director of Multifamily at DMT, originated the loan for the sponsors, SR Real Estate Partners and Circle Squared Alternative Investments. Cushman & Wakefield brokered the transaction.

DMT financed a $44 million bridge loan for Timberview Apartments and Townhomes, a newly constructed complex in Oregon City, Ore. Proceeds from the bridge loan will be used to retire the existing construction debt. McBride Capital brokered this transaction for Pahlisch Commercial.

(Timberview Apartments and Townhomes, courtesy of Dwight Capital)

Dwight also announced a $29.5 million bridge loan for a portfolio of skilled nursing and assisted living facilities. The five facilities are located in Minnesota, Ohio and Wisconsin. The loan provided funds to refinance three of the properties and acquire two. Managing Director of Healthcare Finance Adam Offman originated the transaction.