Key Takeaways
- • Dwight Capital and its affiliate Dwight Investment Management closed $607 million in seniors housing financings during Q3 2026, according to a Business Wire release, spanning HUD-insured loans, bridge financings and revolving lines of credit (RLOCs) across 17 states.
- • The largest transaction was a $71.25 million bridge loan on a four-property, 646-bed skilled nursing portfolio in Montana and Colorado, used to acquire two Denver-area facilities and cash-out refinance two Montana facilities.
- • A $52 million HUD 232/223(f) loan refinanced a 577-bed portfolio of five skilled nursing facilities in Arkansas, following the sponsor's December 2025 acquisition.
- • The quarter included bridge and RLOC financings in Ohio, Minnesota and Bedford and Cleveland, plus HUD 232/223(f) loans in Illinois, New Jersey, New Hampshire, New York and the Southeast.
Summary
Dwight Capital and its affiliate Dwight Investment Management closed $607 million in seniors housing financings during the third quarter of 2026, according to the company's Business Wire announcement. The transactions included HUD-insured loans, bridge financings and revolving lines of credit (RLOCs) across 17 states.
Among the quarter's largest deals was a $71.25 million bridge loan for a four-property, 646-bed skilled nursing portfolio in Montana and Colorado. Loan proceeds financed the acquisition of two Denver-area facilities and the cash-out refinance of two existing Montana facilities. The loan carries a 30-month term with a six-month extension option and future funding. The borrower plans to increase census and implement operating improvements at the newly acquired Colorado facilities, with a longer-term goal of transitioning the portfolio to permanent financing. Josh Levin originated the loan.
Dwight also provided $52 million in HUD 232/223(f) loans for a 577-bed portfolio of five skilled nursing facilities in Arkansas. The 35-year, fully amortizing loan will refinance existing debt, including acquisition financing, following the sponsor's December 2025 acquisition. Adam Offman and Yossi Benish originated the financings.
Other notable Q3 2026 transactions included bridge refinancings and acquisitions in Ohio, including a $54.5 million bridge refinance for a 583-bed SNF portfolio paired with a $9.0 million RLOC, and a $46.5 million bridge acquisition for a 290-bed SNF with an $8.5 million RLOC. Additional bridge financings included a $25.0 million refinance for a 234-bed SNF in Bedford, Ohio, a $17.0 million refinance for a 130-bed SNF in Cleveland with a $2.5 million RLOC, and an $11.4 million bridge acquisition for a 351-bed assisted living facility portfolio in Ohio and Minnesota.
On the HUD side, Dwight closed $47.2 million across four HUD 232/223(f) loans for a four-property, 379-bed SNF portfolio in Illinois. Other HUD 232/223(f) loans included $26.9 million for a 170-bed SNF in New Jersey, $26.3 million for a 156-bed SNF in New Hampshire, $23.3 million for a 280-bed SNF in New York, and $18.4 million for a 151-bed SNF in the Southeast.
Dwight Capital LLC describes itself as a commercial real estate finance company servicing a loan portfolio exceeding $17 billion across its affiliates. Dwight Investment Management LLC, formerly Dwight Securities Management LLC, is an SEC-registered investment adviser focused on commercial real estate credit that manages private credit strategies and partners with Dwight Capital to originate and close loans nationwide.
Among the quarter's largest deals was a $71.25 million bridge loan for a four-property, 646-bed skilled nursing portfolio in Montana and Colorado. Loan proceeds financed the acquisition of two Denver-area facilities and the cash-out refinance of two existing Montana facilities. The loan carries a 30-month term with a six-month extension option and future funding. The borrower plans to increase census and implement operating improvements at the newly acquired Colorado facilities, with a longer-term goal of transitioning the portfolio to permanent financing. Josh Levin originated the loan.
Dwight also provided $52 million in HUD 232/223(f) loans for a 577-bed portfolio of five skilled nursing facilities in Arkansas. The 35-year, fully amortizing loan will refinance existing debt, including acquisition financing, following the sponsor's December 2025 acquisition. Adam Offman and Yossi Benish originated the financings.
Other notable Q3 2026 transactions included bridge refinancings and acquisitions in Ohio, including a $54.5 million bridge refinance for a 583-bed SNF portfolio paired with a $9.0 million RLOC, and a $46.5 million bridge acquisition for a 290-bed SNF with an $8.5 million RLOC. Additional bridge financings included a $25.0 million refinance for a 234-bed SNF in Bedford, Ohio, a $17.0 million refinance for a 130-bed SNF in Cleveland with a $2.5 million RLOC, and an $11.4 million bridge acquisition for a 351-bed assisted living facility portfolio in Ohio and Minnesota.
On the HUD side, Dwight closed $47.2 million across four HUD 232/223(f) loans for a four-property, 379-bed SNF portfolio in Illinois. Other HUD 232/223(f) loans included $26.9 million for a 170-bed SNF in New Jersey, $26.3 million for a 156-bed SNF in New Hampshire, $23.3 million for a 280-bed SNF in New York, and $18.4 million for a 151-bed SNF in the Southeast.
Dwight Capital LLC describes itself as a commercial real estate finance company servicing a loan portfolio exceeding $17 billion across its affiliates. Dwight Investment Management LLC, formerly Dwight Securities Management LLC, is an SEC-registered investment adviser focused on commercial real estate credit that manages private credit strategies and partners with Dwight Capital to originate and close loans nationwide.
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