Dwight Capital Closes USD 569m in RE Financings During July

Strategic Insights -

In a major milestone for the real estate finance industry, Miami-based commercial real estate finance company Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, closed USD 569m in real estate financings in July. The firm's transactions include a construction take-out loan for LC Line and Low in Charleston, SC, and 35-year fixed-rate HUD 223(f) loans for both Elements Apartments in Santa Maria, CA and The Plaza at Pikes Peak in Colorado Springs, CO.

Key Takeaways:

  • Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, closed USD 569m in real estate financings in July, surpassing previous records.
  • The firm provided a USD110 m bridge loan to refinance LC Line and Low, a newly constructed 277-unit mixed-use development in Charleston, SC, featuring a main residential building, a Train Shed with loft-style apartments, and seven retail suites.
  • Dwight Capital closed a USD 49.7m HUD 223(f) loan for Elements Apartments, a 167-unit multifamily community in Santa Maria, CA, completed in 2023, and certified GreenPoint Rated New Home Silver.
  • The firm financed a USD 48.3m HUD 223(f) loan for The Plaza at Pikes Peak, a 215-unit apartment community in Colorado Springs, CO, delivered in 2022, and certified GreenPoint Rated Silver.
  • Dwight Mortgage Trust is an actively managed real estate investment trust specializing in the origination and financing of commercial mortgages across a range of real estate asset classes.
  • The firm partners with experienced sponsors on projects in major markets, focusing on investments with a clearly defined exit strategy.
  • Dwight Capital's loan servicing portfolio exceeds USD 13bn, highlighting the firm's position as a major player in the commercial real estate finance industry.
  • The firm offers a variety of commercial lending options, including Balance-Sheet Bridge & New Construction Loans, FHA/HUD Insured Loans, C-PACE Financing, Mezzanine Financing, and Preferred Equity.

Statistics:

  • Total RE financings closed by Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, in July: USD 569m.
  • Amount of bridge loan provided to refinance LC Line and Low: USD110 m.
  • Number of units in LC Line and Low: 277.
  • Number of units in Elements Apartments: 167.
  • Loan size for Elements Apartments: USD 49.7m.
  • Number of units in The Plaza at Pikes Peak: 215.
  • Loan size for The Plaza at Pikes Peak: USD 48.3m.
  • Loan servicing portfolio of Dwight Capital: USD 13bn.
  • Number of commercial lending options offered by Dwight Capital: 6.

Sources:

  • M2 COMMUNICATIONS, August 25, 2025, "Dwight Capital, Affiliate REIT Closed USD 569m in RE Financings During July".