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Elderly

Dwight Capital Closes $521 Million in Seniors Housing Financings in Q1 2025

Strategic Insights

— 2 min read

Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (DMT), have successfully closed $521 million in seniors housing financings during the first quarter of 2025, demonstrating the company's continued presence and dominance in the sector. This impressive figure includes significant bridge and HUD loans for skilled nursing facilities (SNFs) in multiple states, further solidifying Dwight's national footprint. The transactions highlight the company's expertise and efficiency in catering to the unique needs of the seniors housing market.

Key Takeaways:

  • Dwight Capital and DMT closed $521 million in seniors housing financings during Q1 2025, with a focus on bridge and HUD loans for skilled nursing facilities.
  • The transactions included a $54.6 million bridge loan to finance the acquisition of a six-property, 925-bed skilled nursing portfolio in Pennsylvania, originated by Adam Offman, Managing Director of Healthcare Finance.
  • The portfolio includes 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 conjunction with the bridge loan, a $7 million working capital line of credit with an accordion feature up to $15 million was provided by Dwight Healthcare Funding to support day-to-day operations across all properties.
  • Dwight closed a $20 million HUD 232/223(f) refinance for Willow Brook Rehabilitation and Healthcare Center, a recently renovated SNF located in Kutztown, Pennsylvania.
  • Other notable Q1 2025 seniors housing closings included the following transactions:

+ $50.6MM Bridge Refinance: 275-bed portfolio of four SNFs in the Southern US, including a $15MM revolving line of credit.

+ $48.8MM HUD 232/223(f) Loan: 240-bed SNF in New York.

+ $37.4MM HUD 232/223(f) Loan: 163-bed assisted living facility (ALF)/SNF in Maryland.

+ $31.9MM Bridge Refinance: 250-bed portfolio of three SNFs in Pascoag and Warwick, RI.

+ $25.5MM Bridge Refinance: 280-bed portfolio of three SNFs in Abbotsford, Beaver Dam, and Watertown, WI.

+ $15.0MM Bridge Refinance: 358-bed portfolio of three SNFs in Brookshire, Floresville, and Giddings, TX.

+ $13.8MM Bridge Refinance: Green Hill Senior Living and Rehabilitation, a 215-bed ALF/SNF in West Orange, NJ.

+ $13.0MM Bridge Refinance: 150-bed SNF in Connecticut.

+ $10.4MM HUD 232/223(f) Loan: Continental Manor, a 59-bed SNF in Blanchester, OH.

+ $10.2MM HUD 232/223(f) Loan: Brentwood by The Bay, a 74-bed ALF in Warwick, RI.

Statistics:

  • $521 million in seniors housing financings closed by Dwight Capital and DMT in Q1 2025.
  • 10 distinct transactions involving bridge and HUD loans for skilled nursing facilities.
  • 925-bed portfolio acquired in Pennsylvania through a $54.6 million bridge loan.
  • $7 million working capital line of credit with an accordion feature up to $15 million provided by Dwight Healthcare Funding.
  • 150+ beds in various seniors housing facilities refined through HUD 232/223(f) loans.
  • 6 distinct senior housing facilities refinanced with bridge loans.

Sources:

  • Businesswire.com: "Dwight Capital Closes $521 Million in Seniors Housing Financings in Q1 2025" (April 24, 2025)
  • Dwight Capital website: www.dwightcapital.com
  • Dwight Mortgage Trust website: www.dwightmortgagetrust.com

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