Touting the “most exceptional year to date,” Dwight Capital on Thursday reported more than $5.68 billion in closed real estate loans in 2021, of which senior living and skilled nursing accounted for more than $811 million.
Among the deals financed by the New York City-based real estate finance company:
- The $94.3 million Housing and Urban Development 232(a)(7) refinancing of The Village at Gainesville, a 651-bed independent living, assisted living and memory care community in Gainesville, FL. This refinance closed as the largest healthcare 232(a)(7) loan in HUD’s history to date, according to Dwight Capital.
- An $89 million bridge acquisition loan for a Certus Healthcare portfolio of 15 skilled nursing facilities with a total of 1,395 beds throughout Ohio.
- A $56.3 million HUD 232(a)(7) loan for the King David Center for Nursing and Rehabilitation, a 271-bed skilled nursing facility in Brooklyn, NY.
- A $56 million bridge refinance for a portfolio of eight skilled nursing facilities in Illinois with a total of 1,550 beds.
“I applaud the entire real estate industry, especially our team members at Dwight Capital, for the tremendous amount of hard work and sacrifice we all endured to make 2021 a record year overall,” Managing Partner Josh Sasouness said. “It’s one of those times in life where it’s OK to look back for a second to realize what we have all accomplished. As the market continues to become more aggressive, even with a recent tangible rise in interest rates, I encourage both ourselves and the industry as a whole to continue the momentum through 2022 in a healthy and disciplined way.”