Closing $80+ MM in Healthcare Transactions Since December, Dwight Capital Continues Solid Growth in 2019
NEW YORK--(BUSINESS WIRE)--Feb 8, 2019--Dwight Capital finished 2018 strong and carried that momentum into 2019, having closed $80+ MM in healthcare transactions over the past couple of months.
December:$5.3 MM bridge loan on Fox Glove Center, a 109-bed Skilled Nursing Facility (“SNF”) in Atlanta, GA $22.7 MM bridge loan on , a 240-bed SNF in Memphis, TN $3.7 MM bridge loan on , a 82-bed SNF in Salia, KS
January:$13.2 MM bridge loan for an Ohio SNF Portfolio including Fairlawn Rehab & Nursing Center, Lima Acres Rehab & Nursing Center and Cedars of Lebanon Rehabilitation & Nursing Center totaling 256 beds.
Dwight Capital also arranged the refinancing for , a 90-bed Assisted Living Facility located in Beverly, MA. The $13 MM loan proceeds were used to retire existing bank and partnership debt, as well as provide a cash-out to the borrower. Additionally, Dwight arranged a $4 MM real estate and construction loan for 43-bed substance abuse treatment facility in Concord, MA for , and a land & construction loan for an 88-bed memory care facility in Los Angeles County for $22M.
Dwight Capital is a leader in commercial real estate finance and is one of the largest FHA/HUD lenders for multifamily and healthcare properties in the United States. Dwight has excelled in the industry as a top-5 Multifamily HUD lender by both transactions and dollar amount over the past four years. Our range of services include commercial lending across a variety of platforms such as CLO, USDA, Bridge, Mezzanine, and Preferred-Equity for both stabilized and new-construction properties.
For more information about Dwight Capital, please visit: www.dwightcapital.com
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CONTACT: Dwight Capital
KEYWORD: UNITED STATES NORTH AMERICA GEORGIA KANSAS MASSACHUSETTS NEW YORK OHIO TENNESSEE
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SOURCE: Dwight Capital
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PUB: 02/08/2019 08:30 AM/DISC: 02/08/2019 08:30 AM