NEW YORK CITY — Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed $192.3 million in seniors housing and healthcare financing during third-quarter 2022.
Dwight provided a $42 million bridge loan to facilitate the acquisition of a three-property skilled nursing portfolio in New Hampshire: Epsom Healthcare Center, Maple Leaf Healthcare Center and Villa Crest Nursing and Retirement Center. The facilities comprise 387 beds and approximately 195,860 square feet. Josh Sturm, originated this transaction.
Dwight also financed a $27 million bridge acquisition loan for a portfolio of four assisted living and memory care facilities in Jamestown and Frewsburg, New York: Tanglewood Manor, Memory Gardens, The Magnolia and Comfort Today. Together, the facilities consist of 293 beds. Josh Levin originated this transaction for the borrower, Gary Rohinsky, the CEO of Culture Care Senior Living.
Other third-quarter highlights included:
- a $50 million bridge acquisition loan for a 404-bed skilled nursing portfolio located across Texas.
- a $14 million bridge refinancing for RegalCare at Harwich and Foremost at Sharon, a 201-bed skilled nursing portfolio located in Massachusetts.
- a $12.4 million bridge acquisition loan for a 314-bed skilled nursing portfolio in Danielson and Willimantic, Connecticut.
- an $11 million bridge refinancing for St. Camillus Center, a 124-bed skilled nursing facility in Stamford, Connecticut.
- a $10.6 million bridge acquisition loan for The Edwinola, a 200-bed assisted living, independent living and memory care facility in Dade City, Florida.
- a $9.2 million bridge acquisition loan for Forest Park Healthcare and Rehabilitation Center, a 114-bed skilled nursing facility in Carlisle, Pennsylvania.
- a $7.6 million HUD 232/223(f) loan for Edenbrook of Oshkosh, a 110-bed skilled nursing facility in Oshkosh, Wisconsin.
- a $5.28 million HUD 232/223(f) loan for Edenbrook of Wisconsin Rapids, an 80-bed skilled nursing facility in Wisconsin Rapids, Wisconsin.