Dwight Capital, Dwight Mortgage Trust Close $425.7M in Multifamily Loans Across Florida, Texas, and California
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (DMT), closed $425.7 million in multifamily real estate financing transactions in March 2026, the firm announced. The activity spanned three properties across Florida, Texas, and California, encompassing bridge lending, HUD-backed new construction financing, and a government-backed cash-out refinance.
$72M Bridge Loan for Luxury Apartment Development in Sunrise, Florida
Dwight Mortgage Trust provided a $72 million bridge loan for Sereno, a newly built 235-unit luxury apartment development in Sunrise, Florida. Loan proceeds were used to repay construction financing, cover transaction costs, establish an interest reserve, and retire existing construction debt.
The transaction was originated by David Scheer, Alex Izso, and Evan Fromen on behalf of the borrower, LUXCOM, a developer that was recently named "Builder of the Year" by the Builders Association of South Florida.
$27M HUD Construction Loan for Lubbock, Texas Development
Dwight Capital financed a $27 million HUD 241(a) new construction loan for La Ventana at Canyon West Phase II, located in Lubbock, Texas. The 104-unit upscale market-rate development will be situated on a 4.24-acre site adjacent to the existing Phase I community, creating a single 292-unit property upon completion.
The loan includes 18 months of interest-only payments followed by a 40-year fully amortizing term. Brandon Baksh and Tommy Ng originated the transaction on behalf of Martin Inderman Development, described by the firm as a repeat Dwight Capital client.
$23M HUD Refinance for Garden-Style Community in Hanford, California
Dwight Capital provided a $23 million cash-out HUD 223(f) refinance loan for Berkshire Crossing, a 92-unit garden-style apartment community in Hanford, California. The 35-year fully amortizing loan paid off existing debt on the property and returned equity to the borrower. Keith Hoffman and Aaron Kirshtein originated the transaction on behalf of the borrowers, Fresno Supreme, Inc. and Santa Lucia Ventures.
Keith Hoffman commented on the execution: "We successfully closed this HUD refinance in just over six months, all while navigating two government shutdowns. This is a testament to the quality of the property our clients developed, the exceptional underwriting and closing execution by the Dwight Capital team, and our strong relationship with the San Francisco HUD office. Over the past five years, Dwight Capital has originated the majority of all HUD refinances in the greater Fresno MSA. It has become a highly successful market for our team, and we look forward to many more opportunities ahead."
Together, the three closings represent 431 units of multifamily housing across Florida, Texas, and California, spanning bridge financing for a newly constructed luxury asset, long-term HUD construction debt for an expanding market-rate community, and a government-backed cash-out refinance for a stabilized garden-style property.