NEW YORK--(BUSINESS WIRE)--Dwight Capital financed $234.15 MM in seniors and healthcare financings during Q2 2021. Featured among these transactions are a HUD loan for The Village at Gainesville and two bridge loans for Assisted Living Facility (“ALF”) portfolios in North Carolina and Wisconsin.
Dwight closed a $94.3 MM HUD loan for The Village at Gainesville, a 651-bed senior living community located in Gainesville, FL. The gated property is situated on a 104-acre campus with amenities, featuring a library, hair salon, tennis court, fitness center, and swimming pools. The community provides services, including assisted living, memory care, and board and care. It also runs a Vitality Program, which offers its residents customized wellness plans to optimize their well-being. This refinance closed as the largest healthcare 232(a)(7) loan in HUD’s history to date. Managing Principal, Josh Sasouness, originated this transaction.
Senior Vice President of Healthcare Finance, Clint Miller, originated a $40.4 MM bridge loan for the ALG Senior Living Portfolio, a 366-bed ALF portfolio located across North Carolina. The transaction facilitates the refinance of Cleveland House, Hamlet House, Franklin House, Carteret House, and Danby House. All the facilities offer premier community services and amenities, featuring community rooms, outdoor patios, sunrooms and rehabilitation areas.
Dwight also financed a $29.75 MM bridge acquisition loan for Edenbrook ALF Portfolio, a 277-bed portfolio of three ALFs located in upstate Wisconsin: Lakeshore Manor, Mission Creek, and Bella Vista. Together, the properties are comprised of approximately 266,760 square feet, and their amenities include outdoor patios, rehabilitation gyms, salons/barbershops, and sunrooms. Managing Director, Adam Offman, originated this loan, the third transaction that Dwight has closed for this repeat client.
Dwight also provided financing for these senior living communities in Q2 2021:
- $56 MM bridge refinance for a 1,550-bed portfolio of eight skilled nursing facilities (“SNFs”) located across Illinois.
- $8 MM HUD 232/223(a)(7) refinance for Stoddard Baptist Nursing Home, a 164-bed SNF located in Washington, D.C.
- $3.6 MM bridge acquisition loan for The Merriman, a 113-bed SNF located in Akron, OH.
- $2 MM HUD 232/223(f) loan for Tranquility of Cartersville, a 25-bed ALF located in Cartersville, GA.
About Dwight Capital
Dwight Capital LLC is one of the largest commercial real estate finance companies in the United States. Our range of services includes commercial lending across a variety of platforms such as FHA/HUD, Bridge, and Mezzanine Financing as well as Preferred Equity for both stabilized and new-construction properties. Dwight Capital is also one of the largest FHA/HUD lenders for multifamily and healthcare properties in the United States and services in excess of $7.5 billion of commercial real estate loans.
For more information about Dwight Capital, please visit: www.dwightcapital.com