Dwight Capital and Dwight Mortgage Trust Finance Over $368MM in February 2026
Dwight Capital and Dwight Mortgage Trust Finance Over $368MM in February 2026
MIAMI--(BUSINESS WIRE)--Dwight Capital and its affiliate, Dwight Mortgage Trust (“DMT”), closed over $368 million in real estate transactions in February.
"It was a complex new-construction deal, but they handled everything very smoothly and helped us close the $54 million financing on The Amara. We're grateful and would partner with Dwight again in a heartbeat."
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Among the month's closings are:
A $60 million construction loan provided by DMT for Seventeen Gables Condominium, a planned 117-unit condominium development located in Coral Gables, FL. Most residences will be priced under $1 million, making them more attainable than most condominium projects currently under construction in the submarket. The transaction was originated by David Scheer and Alex Izso and arranged by Isaac Filler, Steve Edelstein, and Yossi Koschitzki of Filler Capital on behalf of the borrower, a joint venture between Ascendra Capital and BAM Development. Acclaimed designer Karen Asprea will manage the interior design, and Cervera Real Estate serves as the exclusive residential real estate sales and marketing broker.
“In this environment, buyers seek certainty that their deposits will result in a completed building delivered on time,” said David Steinberg of Ascendra Capital. “This creates a vicious cycle for developers as they cannot meet the minimum sales thresholds in order for their construction financing to kick in. Working with Dwight, we created a structure that allows us to begin construction immediately, projecting confidence to the market, and in parallel commence unit sales.”
Dwight Capital also financed a $56 million HUD 221(d)(4) new construction loan for StoneHawk Rosehill, a planned 269-unit apartment community on seven acres in Garland, TX. The loan features a 24-month interest-only period followed by a 40-year fully amortizing term. Approximately 51% of the units will be designated as income- and rent-restricted, with the remaining units offered at market rates. The transaction was originated by Brandon Baksh and Brian Yee on behalf of the sponsor, StoneHawk Capital Partners.
Additionally, Dwight Capital provided a $54 million HUD 223(f) refinance for The Amara, a newly constructed 92-unit, six-story mixed-use apartment building in Astoria, NY. Completed in 2024, the property boasts 13,790 square feet of ground-floor retail space, including Spear Physical Therapy, The French Workshop restaurant, Freddy’s Since 1961 pizzeria, and Wonder Astoria food hall. The Amara benefits from a 35-year real property tax exemption under the 421-a (16) Affordable New York Housing Tax Exemption Program. Loan proceeds retired existing debt, established a replacement reserve, and returned equity to the borrower. The transaction was originated by Keith Hoffman and Jack Tawil on behalf of the borrower, Demetri Tsilogiannis of Tsilo Group.
"We couldn't be happier with Dwight Capital. Keith Hoffman and Jack Tawil were truly exceptional, completely transparent, and deeply knowledgeable from day one," Tsilogiannis stated. "It was a complex new-construction deal, but they handled everything very smoothly and helped us close the $54 million financing on The Amara. We're grateful and would partner with Dwight again in a heartbeat."
About Dwight Capital
Dwight Capital LLC is a leading commercial real estate finance company in the United States, with a loan servicing portfolio exceeding $15 billion across all affiliates. The firm offers a comprehensive suite of lending solutions, 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
Contacts
For media inquiries, please contact: marketing@dwightcap.com
