Dwight Mortgage Trust Provides $27.3M Financing for Beachside Center for Rehabilitation and Healthcare in Florida

by Jeff Shaw

NEW SMYRNA BEACH, Fla. — Dwight Mortgage Trust, the mortgage REIT affiliate of Dwight Capital, has provided a $27.3 million bridge acquisition loan for Beachside Center for Rehabilitation and Healthcare.

The 239-bed skilled nursing facility is located in New Smyrna Beach, a coastal suburb of Orlando. The facility offers its residents short- and long-term care.

The loan has a 30-month term. Its proceeds will be used towards capital expenditures and the acquisition. Josh Sturm originated this closing.

The names of the buyer and seller were not disclosed.

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