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MINNESOTA, OHIO and WISCONSIN — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided a $29.5 million bridge loan for a portfolio of five skilled nursing and assisted living facilities in Minnesota, Ohio, and Wisconsin: The Landing at Stow, Evansville Manor Nursing and Rehabilitation, Edenbrook Fond du Lac, Edenbrook of Rochester, and Edenbrook of Edina.
Together, the facilities consist of 441 beds across 25 acres.
The purpose of the loan was to refinance three of the facilities and acquire the other two. Dwight has financed over 20 facilities for this repeat client. Adam Offman originated this transaction.