Dwight Capital Closes $121.6M in Healthcare Financings in First Quarter

NEW YORK CITY — Dwight Capital, a New York-based real estate finance and investment firm, provided $121.6 million in healthcare financings during first-quarter 2021.

Dwight closed a $21.3 million HUD loan for Avantara Long Grove, a 195-bed skilled nursing facility located in Long Grove, Illinois. The property was renovated in 2016. Adam Offman originated this transaction.

Offman and Adam Sasouness also originated a $20.2 million HUD loan for the Northwood Portfolio, a 332-bed, six-asset skilled nursing portfolio located across Ohio. The transaction refinances debt on Northwood Buckeye Terrace, Country Meadow Care Center, Crestline Nursing Center, Legends Care Center, The Pinnacle Rehabilitation and Nursing Center, and Whispering Hills Care Center.

Dwight also provided a $15.4 million HUD loan for TLC Care Center, a 255-bed skilled nursing facility located in Henderson, Nevada. Offman and Avi Lifshitz originated this transaction.

Other loans Dwight provided financing for in the quarter included:

  • $13.5 million bridge loan for Florissant and Spring Valley Health and Rehabilitation Centers, a 305-bed skilled nursing and assisted living portfolio located in Florissant and Springfield, Missouri.
  • $12.67 million bridge loan for Red River Portfolio, a 435-bed skilled nursing portfolio located across Southeast Oklahoma.
  • $8.5 million bridge loan for Terrace at Woodland, a 60-bed assisted living community located in Rome, New York.
  • $7.6 million bridge loan for Pleasant Manor, a 101-bed skilled nursing and assisted living facility located in Faribault, Minnesota.
  • $7.5 million bridge loan and $750,000 mezzanine loan for Lansdowne Village, a 145-bed skilled nursing facility in St. Louis.
  • $6.5 million in financing arranged for Landmark Recovery to construct a 60-bed substance abuse treatment facility in Richmond, Virginia.
  • $5.37 million bridge loan for McAuley Manor, an 87-bed skilled nursing facility located in Aurora, Illinois.
  • $4 million HUD 232/223(f) loan for Gallatin Manor, a 51-bed skilled nursing facility located in Ridgway, Illinois.