Dwight Capital and Dwight Mortgage Trust Finance Over $350MM in January 2026

MIAMI--(BUSINESS WIRE)--Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (“DMT”), closed over $350 million in real estate transactions in January.

Notable financings include:

A $104 million bridge refinance for a 350-unit high-rise apartment community in North Miami, Florida. Situated on a four-acre site, the property features a mix of studio, one-, two-, and three-bedroom units. Loan proceeds were used to retire existing debt, cover closing costs, and establish a replacement reserve. The transaction was originated by Managing Director Keith Hoffman and Aaron Kirshtein.

A $110 million HUD 223(f) loan for 55 Union, a 403-unit multifamily community in Newark, New Jersey. Completed in 2023, the property consists of a 12-story high-rise featuring 3,222 square feet of ground-floor commercial space. Loan proceeds were used to retire existing debt, fund closing costs, establish a replacement reserve, and return equity generated during construction and lease-up. Josh Hoffman and Jonathan Pomper originated the transaction on behalf of the borrower, Newark-based J&L Companies.

“We’re grateful to Dwight Capital for their exceptional support and execution throughout the HUD loan process, bringing deep expertise and making what can be a complicated transaction feel seamless and well-managed,” said Gabriel Lopez, Principal at J&L Companies. “As Newark continues to grow and strengthen its position among top-tier urban markets, HUD 223(f) financing offers Class A operators an attractive source of long-term capital to support stable, high-quality assets.”

Additionally, Dwight Capital provided a $60 million HUD 221(d)(4) loan to finance the ground-up construction of Lotus Alchemy, a 184-unit mixed-use development planned for downtown Salt Lake City, Utah. The loan will have a 24-month interest-only period, automatically converting to a fully amortizing 40-year term thereafter. The development will feature a six-story residential building with a two-level parking garage, approximately 9,000 square feet of commercial space across three retail units, and a 2,700-square-foot lobby and leasing office.

The financing was executed through a “straight-to-firm” HUD application, expediting the approval process by eliminating the preliminary application stage. Brandon Baksh, Partner at Dwight Capital, originated the transaction on behalf of repeat client, Lotus Company.

“Lotus Alchemy reflects our continued commitment to mindfully create and deliver high-quality, mixed-use projects in strong urban markets like downtown Salt Lake City,” said Steven Blomquist, Director of Development at Lotus Company. “Brandon Baksh and the team at Dwight Capital bring deep expertise with HUD 221(d)(4) financing and executed a straightforward process that was critical to achieving an efficient closing timeline. We value Dwight as a trusted capital partner and appreciate their continued support of our growth.”

About Dwight Capital

Dwight Capital LLC is a leading commercial real estate finance company in the United States, with a loan servicing portfolio exceeding $14 billion across all affiliates. 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.

For more information about Dwight Capital, please visit: www.dwightcapital.com

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.

For more information about Dwight Mortgage Trust, please visit: www.dwightmortgagetrust.com