Dwight Capital, a commercial real estate finance company, has acquired Midland States Bank’s seniors housing HUD mortgage servicing rights portfolio, adding more than $500 million in unpaid principal balance across 69 loans spanning 22 states.
The portfolio includes loans secured by skilled nursing facilities, assisted living facilities, and hospitals. Following the transaction, the loan servicing portfolio of Dwight Capital and its affiliates will exceed $15 billion.
The acquisition advances Dwight Capital’s strategy of expanding its servicing footprint while deepening long-term relationships as both a principal lender and third-party servicer. The move also reinforces the firm’s ongoing focus on growth within the seniors housing and healthcare real estate sector.
Dwight Capital said its servicing portfolio has scaled significantly in recent years, supported by continued investment in personnel, technology, and compliance infrastructure to manage complex real estate assets.
KEY QUOTES
“Our servicing portfolio has scaled significantly in recent years, and we continue to invest in the people, technology, and compliance infrastructure needed to support complex real estate assets while maintaining a direct personal connection with our clients,”
Josh Sasouness, Co-CEO Of Dwight Capital
