Dwight Mortgage Trust Closes $4.7B in Commercial Real Estate Financing Across Multifamily and Senior Housing
Dwight Mortgage Trust and Dwight Mortgage Trust closed $4.7 billion in commercial real estate financing across 35 states in 2025, the firms announced, reflecting continued growth across multifamily real estate, senior housing, and capital markets platforms.
Dwight Capital ranked as the #1 lender in multifamily closings during HUD's fiscal year 2025, which ran from October 2024 through September 2025. The firm also achieved top-two FHA/HUD lender status for the fifth consecutive year. The platform expanded its loan servicing portfolio to more than $14 billion across all affiliates.
Inaugural CRE CLO Marks Capital Markets Expansion
Dwight Mortgage Trust completed the pricing of its inaugural Commercial Real Estate Collateralized Loan Obligation in June 2025. The $925 million securitization, DWIGHT 2025-FL1, is backed by 30 income-producing multifamily properties nationwide. The transaction represents a milestone in the firm's capital markets capabilities and advances the institutionalization of its real estate credit platform.
Dwight Securities Management, investment adviser to Dwight Mortgage Trust, surpassed $4 billion in assets in 2025. The firm also secured capital to originate up to $1 billion in construction loans backed by multifamily properties across the United States.
Multifamily Real Estate Development and Acquisition Activity
Notable multifamily real estate transactions in 2025 included a $155 million bridge refinance for 261 & 315 Grand Concourse, a newly developed 405-unit multifamily community in the Bronx, New York. The project benefits from a 35-year 421-a tax abatement, Brownfield Tax Credits, and enrollment in the NYC Voluntary Inclusionary Housing Program.
The firm provided a $148 million construction loan for Sutphin II, a planned 524-unit luxury high-rise building in Jamaica, New York. A $110 million bridge refinance supported LC Line & Low, a newly constructed 277-unit mixed-use development featuring seven retail suites in Charleston, South Carolina.
Senior Housing Portfolio Financing
Dwight Capital closed significant senior housing transactions in 2025, including a $230 million bridge acquisition for a 19-property, 1,896-bed skilled nursing and assisted living portfolio located throughout Ohio. The transaction included a $12 million revolving line of credit.
The firm also provided a $120 million bridge acquisition and refinance for a 795-bed multi-property skilled nursing facility portfolio in Florida, supplemented by a $20 million revolving line of credit.
Platform Growth and Market Position
The $4.7 billion in total real estate financings positions Dwight Capital and Dwight Mortgage Trust for continued growth and expanded market leadership in 2026, according to the firms. The platform's expansion across lending, servicing, and capital markets reflects execution across multiple commercial real estate financing segments.
The loan servicing portfolio growth to more than $14 billion reflects both organic growth and the accumulation of assets from prior year originations. The platform's entry into capital markets securitization through the CRE CLO transaction expands its institutional capabilities beyond traditional lending operations.