Dwight Capital

Dwight Capital LLC is a commercial real estate finance company servicing a loan portfolio exceeding $17 billion across its affiliates. Its lending covers balance-sheet bridge and new construction loans, FHA/HUD insured loans, C-PACE financing, mezzanine financing and preferred equity.

Bridge lending is built around a bridge-to-HUD path: a borrower gets up to three years of bridge financing to prepare a property to meet HUD requirements, and where the property qualifies for an FHA/HUD loan, Dwight handles the transition into permanent financing. The balance sheet construction program covers ground-up development of garden-style and mid-rise multifamily and mixed-use property as well as substantial rehabilitation and conversion of existing buildings, with in-house servicing, flexible terms and quick closings. Representative term sheets for both bridge and balance sheet construction loans are published.

The firm publishes a long FAQ on HUD-insured lending covering how a HUD-insured loan compares with a Fannie, Freddie or CMBS loan, whether a property must be affordable to qualify and how HUD defines that, experience requirements by program and loan size, when a recent construction project becomes eligible for a HUD-insured refinance, mortgageable versus non-mortgageable costs, developer fees, BSPRA, Davis-Bacon wages, assumability, what happens on sale, cash-out limits, the Section 202 program, secondary and subordinate financing, the Mark-to-Market program, and whether independent living, scattered sites, condominiums and cooperatives can be financed.

Offices are listed in New York, Sunny Isles Beach and Saint Petersburg, Florida, and Columbus, Ohio, with the contact page labelling the Florida office as headquarters. The main line is 212-960-3750 and loan servicing is on 877-205-7125. Rates, minimum loan sizes and fee schedules are not published, so ask for a term sheet.