In recent news, Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (DMT), successfully secured $270 million in real estate financings in March. This included three lease-up bridge loans for The Shoreline in Brooklyn, NY, Solis at Petrosa in Bend, OR, and The Marlette in Carson City, NV. The Shoreline, a luxury high-rise apartment building, received $108 million in bridge financing from DMT, benefiting from amenities like a pool, fitness center, game room, and a sunset lounge with stunning views of Gravesend Bay.
Additionally, Solis at Petrosa, a newly constructed 260-unit apartment complex in Bend, OR, received a $59 million bridge loan to facilitate the lease-up process. The property features various amenities like a pool, fitness room, and a pet wash station. Furthermore, DMT closed a $30 million bridge refinance for The Marlette, a garden-style apartment complex in Carson City, NV, offering residents amenities like a clubhouse, pool, spa, and a fitness center, strategically located within walking distance of Downtown Carson City and the Kitson Carson Trail.
These successful financings highlight Dwight Capital’s expertise in providing comprehensive real estate financing solutions, catering to a diverse range of property types across the United States. With a loan servicing portfolio exceeding $12 billion, Dwight Capital remains a key player in commercial lending, offering services that cover new construction loans, FHA/HUD insured loans, and mezzanine financing. For more information about Dwight Capital and DMT, visit their respective websites.
