Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (“DMT”), closed $619.5 million in real estate transactions in April, marking the firm's highest-volume month of the year to date.

Leading the month’s activity, Dwight Capital closed a record-setting $130 million HUD 223(f) loan for The Gardens Residences, a 358-unit luxury high-rise in Downtown North Miami. This transaction achieved three notable milestones: it was the largest HUD loan ever closed in Florida, the largest multifamily HUD loan approved by HUD’s Southeast Region Office across its 10-state coverage area, and the largest HUD loan in Dwight Capital's history.

The refinance was originated by Dwight Managing Director Keith Hoffman and Aaron Kirshtein on behalf of the borrowers, Sebastien Scemla, John Lago, and Shawn Chemtov, of Omega Real Estate Management Group. The loan proceeds will retire an existing DMT bridge loan, return equity to the borrower, and establish a 35-year, fully amortizing, fixed-rate loan.

“Dwight Capital proved to be an exceptional partner throughout. Their expertise helped us navigate a seamless transaction and secure the best possible financing at an unprecedented scale," said Omega Real Estate Management Group.

Dwight Capital also financed a $114 million HUD 223(f) refinance for 224 W 124th Street, a 168-unit luxury high-rise in Harlem, New York. Loan proceeds will be used to retire existing debt—including a $105 million bridge loan provided by DMT—cover closing costs, and establish a replacement reserve. Dwight Managing Director Adam Offman originated this transaction on behalf of the borrower, Rester Management.

"Over the last few years, HUD-insured financing has quickly become the hottest ticket in NYC,” said Offman. “Between offering the longest term, lowest rate, and highest proceeds, there is no comparable form of financing in the marketplace."

Additionally, DMT closed $50 million in pre-construction financing for Ombelle Fort Lauderdale, a luxury condo project anchored by Equinox in the heart of Flagler Village. Dependable Equities plans to develop the project as part of a larger 1.4 million-square-foot master development in one of Fort Lauderdale's fastest-growing neighborhoods. The project will feature two 44-story towers with 775 condominium units, ground-floor retail and restaurant spaces, and more than 100,000 square feet of amenity space.

The loan will fund planned predevelopment work, while providing the sponsor additional runway to advance presales ahead of construction financing. The transaction was originated by Katie Goldenberg on behalf of the sponsor, Dependable Equities, and arranged by Steven Hersko of The SHB Group.

About Dwight Capital

Dwight Capital LLC is a leading commercial real estate finance company in the United States, with a loan servicing portfolio exceeding $16 billion across all affiliates. Our services encompass a wide range of commercial lending options, including Balance-Sheet Bridge & New Construction Loans, FHA/HUD-Insured Loans, C-PACE Financing, Mezzanine Financing, and Preferred Equity.

For more information about Dwight Capital, please visit: www.dwightcapital.com

About Dwight Mortgage Trust

Dwight Mortgage Trust LLC (“DMT” or the “Fund”) 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. DMT works in conjunction with affiliate firm Dwight Capital to source and evaluate lending opportunities nationwide. The Fund partners with experienced sponsors on projects in major markets, focusing on investments with a clearly defined exit strategy.

For more information about Dwight Mortgage Trust, please visit: www.dwightmortgagetrust.com

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"Over the last few years, HUD-insured financing has quickly become the hottest ticket in NYC,” said Offman. “Between offering the longest term, lowest rate, and highest proceeds, there is no comparable form of financing in the marketplace."