ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Dwight Secures Capital to Originate $1 Billion in Multifamily Construction Loans Nationwide

Dwight Securities Management LLC, investment adviser to Dwight Mortgage Trust LLC and an affiliate of Dwight Capital LLC, announced today that it has secured capital to originate up to $1 billion in construction loans backed by multifamily properties across the United States.

This new capital raise will further grow Dwight’s loan origination footprint, building on Dwight’s aggregate $3 billion of loans closed year-to-date, and further expanding Dwight’s $13 billion servicing portfolio. Dwight expects the construction loan program to target opportunities ranging from $30 million to $200 million, with proceeds available at up to 80% loan-to-cost and structured with competitive floating interest rates determined by property fundamentals, sponsorship strength, and project strategy.

“Banks have significantly reduced their construction lending exposure in recent years due to heightened regulatory capital requirements and shifting risk appetites, and we do not expect them to return in a meaningful way in the near future,” said Adam Sasouness, CEO of Dwight. “This capital raise underscores the growing institutional demand for high-quality, asset-backed credit in the U.S. multifamily sector, and positions Dwight as a reliable partner for experienced sponsors delivering much-needed housing in key markets.”

Dwight will continue to focus on major U.S. multifamily markets, partnering with experienced best-in-class sponsors and pursuing lending opportunities with well-defined exit strategies, including HUD and Agency programs.

About Dwight & Co.

Dwight & Co. is a leading commercial real estate finance platform in the United States, with a loan servicing portfolio exceeding $13 billion. 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.

Dwight Capital LLC is a leading originator and servicer of multifamily and healthcare FHA/HUD Insured loans. For more information about Dwight Capital, please visit: www.dwightcapital.com

Dwight Securities Management LLC is a registered investment adviser managing various real estate debt-focused investment vehicles, including Dwight Mortgage Trust LLC (“DMT”) 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.

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

"This capital raise underscores the growing institutional demand for high-quality, asset-backed credit in the U.S. multifamily sector, and positions Dwight as a reliable partner for experienced sponsors delivering much-needed housing in key markets."

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.