Dwight Capital and its affiliate REIT Dwight Mortgage Trust (DMT) announced that they closed $521 million in seniors housing financing during Q1 2025. These deals included significant bridge and HUD loans for skilled nursing facilities (SNFs) in multiple states, highlighting Dwight’s consistent nationwide presence in this sector.
DMT offered a $54.6 million bridge loan to finance the acquisition of a six-property, 925-bed skilled nursing portfolio in Pennsylvania. And the properties include Hampton House in Wilkes Barre, Kingston Rehabilitation in Kingston, Pottsville Rehabilitation in Pottsville, Williamsport North and South Rehabilitation in Williamsport, and Yeadon Rehabilitation in Yeadon.
In connection with the bridge loan, Dwight Healthcare Funding provided a $7 million working capital line of credit with an accordion feature up to $15 million, supporting day-to-day operations across all properties.
Adam Offman, Managing Director of Healthcare Finance, originated this deal for Eden Senior Care, a repeat Dwight client.
Dwight also closed a $20 million HUD 232/223(f) refinance for Willow Brook Rehabilitation and Healthcare Center, a recently renovated SNF located in Kutztown, Pennsylvania. The 140-bed facility spans 53,000 square feet on four acres. Proceeds from the HUD loan, also originated by Offman, were used to retire existing debt and support ongoing capital improvements.
Some of the other notable Q1 2025 seniors housing closings included:
-$50.6 million Bridge Refinance: 275-bed portfolio of four SNFs in the Southern US, including a $15 million revolving line of credit.
-$48.8 million HUD 232/223(f) Loan: 240-bed SNF in New York.
-$37.4 million HUD 232/223(f) Loan: 163-bed assisted living facility (ALF)/SNF in Maryland.
-$31.9 million Bridge Refinance: 250-bed portfolio of three SNFs in Pascoag and Warwick, RI.
-$25.5 million Bridge Refinance: 280-bed portfolio of three SNFs in Abbotsford, Beaver Dam, and Watertown, WI.
-$15 million Bridge Refinance: 358-bed portfolio of three SNFs in Brookshire, Floresville, and Giddings, TX.
-$13.8 million Bridge Refinance: Green Hill Senior Living and Rehabilitation, a 215-bed ALF/SNF in West Orange, NJ.
-$13 million Bridge Refinance: 150-bed SNF in Connecticut.
-$10.4 million HUD 232/223(f) Loan: Continental Manor, a 59-bed SNF in Blanchester, OH.
-$10.2 million HUD 232/223(f) Loan: Brentwood by The Bay, a 74-bed ALF in Warwick, RI.
