Dwight Capital Provides $171.7M in Seniors Housing Financings in Third Quarter

NEW YORK CITY — Dwight Capital has provided $171.7 million in seniors housing and healthcare financings during the third quarter of 2021.

In highlights from the transactions, the company funded a $23.3 million bridge loan for the acquisition of Lackawanna Health and Rehabilitation Center, a 272-bed skilled nursing facility in Peckville, Pennsylvania.

Additionally, Adam Offman originated a $22.2 million bridge refinancing for a portfolio of three skilled nursing facilitiies located across Wisconsin: Edenbrook of Oshkosh, Edenbrook of Wisconsin Rapids and Edenbrook of Edina. Together, the facilities comprise 285 beds across a total of 10 acres.

Other transactions included:

  • A $17.1 million bridge acquisition loan for Kenilworth & Pigeon Forge Rehabilitation, two skilled nursing facilities with a total of 224 beds located in Sebring, Florida, and Pigeon Forge, Tennessee.
  • A $16 million HUD 232/223(f) refinancing for Autumn Lake Healthcare at Beloit, a 174-bed community located in Beloit, Wisconsin.
  • A $10.4 million bridge acquisition loan for Lansdowne Village, a 145-bed skilled nursing facility in St. Louis.
  • A $8.9 million bridge acquisition loan for Canal Pointe Nursing and Rehabilitation, a 119-unit skilled nursing facility in Akron, Ohio.
  • A $7.4 million bridge acquisition loan for Tudor Heights & Weinberg Park, a 68-bed assisted living and memory care facility and a 36-bed assisted living community in Baltimore.
  • A $5 million HUD 232/223(a)(7) loan for Wisteria Gardens, a 60-bed community in Pearl, Mississippi.
  • A $4.8 million bridge refinancing for Windsor Health and Rehabilitation Center, a 108-bed skilled nursing facility located in Windsor, Connecticut.