Dwight Capital and Dwight Mortgage Trust Finance $569MM in July 2025

MIAMI--(BUSINESS WIRE)--Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (“DMT”), closed $569 million in real estate financings in July, including a construction take-out loan for LC Line and Low in Charleston, SC, and 35-year fixed-rate HUD 223(f) loans for both Elements Apartments in Santa Maria, CA and The Plaza at Pikes Peak in Colorado Springs, CO.

DMT provided a $110 million bridge loan to refinance LC Line and Low, a newly constructed 277-unit mixed-use development, featuring a main residential building, a Train Shed with loft-style apartments, historic Enclave Single Homes with private courtyards, and seven retail suites totaling 15,000 SF. On-site tenants include The Goat Restaurant & Bar and Morning Ritual Coffee Shop, with a third-party restaurant and a cocktail bar planned. Loan proceeds will refinance existing construction debt, cover transaction costs, and fund remaining construction expenses. The transaction was originated by Brandon Baksh, Noah Greenwald, and Talisse Thompson on behalf of the sponsor, Lifestyle Communities.

Dwight Capital closed a $49.7 million HUD 223(f) loan for Elements Apartments, a 167-unit multifamily community with two commercial spaces completed in 2023. The property, which is GreenPoint Rated New Home Silver certified, offers a rooftop sun deck, fitness center, dog park, and a picnic area with grilling stations. Loan proceeds will be used to pay off existing debt, cover closing costs, and establish a replacement reserve for future capital improvements. This refinance was originated by Josh Hoffman and Jonathan Pomper for The Vernon Group.

“Dwight’s team did an excellent job guiding us through and successfully completing the HUD process,” said Bradley Vernon of The Vernon Group. “As a first-time borrower, the process was made clear and understandable, and Dwight executed on what they promised.”

Additionally, Dwight financed a $48.3 million HUD 223(f) loan for The Plaza at Pikes Peak, a 215-unit apartment community delivered in 2022. The property also holds a GreenPoint Rated Silver certification for Existing Homes & Multifamily. Jonathan Pomper and Jack Tawil originated the transaction on behalf of the borrowers, Ryan Dunn of Dunn & Associates and Taylor Turano of Denver Land Co.

About Dwight Capital

Dwight Capital LLC is a leading commercial real estate finance company in the United States, with a loan servicing portfolio exceeding $13 billion. Our services encompass a wide range of commercial lending options, including Balance-Sheet Bridge & New Construction Loans, FHA/HUD Insured Loans, C-PACE Financing, Mezzanine Financing, and Preferred Equity.

About Dwight Mortgage Trust

Dwight Mortgage Trust LLC (“DMT” or the “Fund”) is an actively managed real estate investment trust specializing in the origination and financing of commercial mortgages across a range of real estate asset classes. DMT works in conjunction with affiliate firm Dwight Capital to source and evaluate lending opportunities nationwide. The Fund partners with experienced sponsors on projects in major markets, focusing on investments with a clearly defined exit strategy.