Dwight Mortgage Trust Closes $88.4M in Commercial Real Estate Financing for Southeast Multifamily Properties

Dwight Mortgage Trust Provides $88.4M in Multifamily Real Estate Financing

Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed two five-year, fixed-rate loans totaling $88.4 million for three multifamily communities in the Southeast. The commercial real estate financing covers 768 units across properties in Alabama and North Carolina. The transaction was arranged by Moshe Feiner of Sevenstone Capital and Andrew Tichy of Dwight, with the borrowers identified as private high-net-worth investors.

The transaction includes Mosaic Apartments, a 456-unit multifamily community in Tuscaloosa, Alabama, and a two-property 312-unit portfolio in Fayetteville, North Carolina, comprising Britt Lake and Woodland Village. The five-year, fixed-rate structure provides borrowers with in-house servicing, flexible loan structuring, and a streamlined closing process, according to the firm.

Property Portfolio Details

Mosaic Apartments recently completed comprehensive renovations across all units, featuring modern finishes such as stainless-steel appliances, quartz countertops, and in-unit washers and dryers. Common area enhancements included improvements to the property's pool, clubhouse, and fitness center. Additional community amenities feature a game room, walking and biking trail, picnic area and grills, and six pools.

The Fayetteville portfolio includes Britt Lake, a 216-unit community, and Woodland Village, comprising 96 units. The combined 312-unit portfolio represents a significant component of the overall financing package.