Dwight Capital & DMT Close $260.5 Million in Financing Deals

Dwight Capital & DMT Complete Remarkable Financing in November

In an exciting development this month, Dwight Capital and its affiliate, Dwight Mortgage Trust (DMT), have successfully completed financing transactions totaling approximately $260.5 million. This achievement reflects the confidence in the real estate market and the expertise of the teams involved in these various projects.

Key Transactions Highlighted

Among the notable accomplishments, Dwight Capital secured a substantial $51.8 million HUD 221(d)(4) construction loan. This funding is aimed at the development of Integra Isles, a significant new addition to the Leesburg residential landscape. Integra Isles will feature 264 market-rate rental apartments situated across 15.5 acres, showcasing thoughtfully designed buildings that include a variety of amenities intended to enhance resident enjoyment and comfort.

A Closer Look at Integra Isles

The development at Integra Isles promises a blend of luxury and practicality, consisting of 11 three-story buildings. Each unit will come equipped with upscale features such as granite countertops, energy-efficient stainless steel appliances, and spacious outdoor spaces. The site will also offer leisure amenities such as a resort-style pool adorned with cabanas, a well-equipped fitness center, and a community clubhouse, designed to foster a neighborhood atmosphere.

The loan will facilitate both the construction phase and permanent financing, which underscores the financial structure aimed at ensuring long-term viability for the project. Integra Isles is also noteworthy for pursuing a National Green Building Standard (NGBS) Bronze Certification, qualifying for a favorable Green Mortgage Insurance Premium (MIP).

Financing Bridges for Other Properties

Dwight Mortgage Trust has also played a significant role in financing other structures, such as a $56 million bridge loan for the expansive Willow Creek Apartments. This property stands out with its impressive size, spanning nearly 70 acres, and includes 998 apartments. The financing will help in refinancing existing debts while completing the remaining construction, thereby enhancing Willow Creek’s appeal in the competitive Kansas City housing market.

Community Enhancements at Willow Creek Apartments

With a rich offering of community amenities, Willow Creek Apartments aims to provide a comfortable lifestyle. Residents will benefit from multiple swimming pools, fitness facilities, as well as recreational areas like tennis and racquetball courts. Each apartment in the community offers unique features designed for comfort, ensuring an attractive proposition for potential renters.

Expanding Healthcare Financing

DMT has also expanded its portfolio further by funding a $53.3 million bridge acquisition loan for a collection of three skilled nursing facilities, providing essential care across a total of 258 beds. In addition, a revolving line of credit was established to assist with continuous operational needs, showcasing the importance of financial support in maintaining healthcare facilities.

These transactions demonstrate Dwight Capital’s and DMT’s commitment to supporting various sectors within the real estate market, ensuring availability and quality in essential services provided.

About Dwight Capital and DMT

Dwight Capital LLC emerges as a prominent force in commercial real estate financing in the United States, boasting a substantial loan servicing portfolio that surpasses $12 billion. The firm offers a diverse array of financing solutions tailored to meet the requirements of various projects, including construction loans, FHA/HUD insured loans, and others.

On the other hand, Dwight Mortgage Trust specializes in providing financing across multiple real estate asset classes. Focused on strategic partnerships with expert sponsors, DMT employs a meticulous approach to identifying and executing investment opportunities while prioritizing clear exit strategies.

Frequently Asked Questions

What financing projects did Dwight Capital and DMT close?

The companies closed $260.5 million in several financing projects, including a HUD construction loan for Integra Isles and bridge financing for Willow Creek Apartments.

What will the financing for Integra Isles be used for?

The financing will fund the construction of residential units and provide permanent financing for the development in Leesburg.

How many units are planned at Integra Isles?

Integra Isles will consist of 264 rental units, offering a mixture of one, two, and three-bedroom apartments.

What are the amenities offered at Willow Creek Apartments?

Willow Creek Apartments will provide residents with multiple swimming pools, a fitness center, business center, and recreational courts, among other features.

What kind of facilities were included in DMT’s recent loans?

DMT’s recent loans included financing for skilled nursing facilities, emphasizing their commitment to supporting healthcare real estate investments.

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