Closing $80+ MM in Healthcare Transactions Since December, Dwight Capital Continues Solid Growth in 2019
NEW YORK–(BUSINESS WIRE)–Dwight Capital finished 2018 strong and carried that momentum into 2019,
having closed $80+ MM in healthcare transactions over the past couple of
months.
December:
-
$5.3 MM bridge loan on Fox Glove Center, a 109-bed Skilled
Nursing Facility (“SNF”) in Atlanta, GA -
$22.7 MM bridge loan on Graceland
Rehabilitation & Nursing Center, a 240-bed SNF in Memphis,
TN -
$3.7 MM bridge loan on Kenwoodview
Health and Rehabilitation Center, a 82-bed SNF in Salia, KS
January:
-
$13.2 MM bridge loan for an Ohio SNF Portfolio including Fairlawn
Rehab & Nursing Center, Lima Acres Rehab & Nursing Center and
Cedars of Lebanon Rehabilitation & Nursing Center totaling
256 beds.
Dwight Capital also arranged the refinancing for Landmark
at Oceanview, a 90-bed Assisted Living Facility located in
Beverly, MA. The $13 MM loan proceeds were used to retire existing bank
and partnership debt, as well as provide a cash-out to the borrower.
Additionally, Dwight arranged a $4 MM real estate and construction loan
for 43-bed substance abuse treatment facility in Concord, MA for Landmark
Recovery, and a land & construction loan for an 88-bed memory
care facility in Los Angeles County for $22M.
Dwight Capital is a leader in commercial real estate finance and is
one of the largest FHA/HUD lenders for multifamily and healthcare
properties in the United States. Dwight has excelled in the industry as
a top-5 Multifamily HUD lender by both transactions and dollar amount
over the past four years. Our range of services include commercial
lending across a variety of platforms such as CLO, USDA, Bridge,
Mezzanine, and Preferred-Equity for both stabilized and new-construction
properties.
For more information about Dwight Capital, please visit: www.dwightcapital.com
Contacts
Dwight Capital
Lindsay Morrison
[email protected]