• Home
  • About Us
  • Contact
  • Your Account
  • Subscribe
No Result
View All Result
Monday, January 30, 2023
Alternatives Watch
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In
No Result
View All Result
Alternatives Watch
No Result
View All Result

Dwight Mortgage Trust launches CRE rescue capital fund

Susan BarretobySusan Barreto
January 16, 2023
in Manager News, Manager News, Open Access, Private Credit, Real Estate/Infrastructure
Dwight Mortgage Trust launches CRE rescue capital fund

By biletskiy/Envato Elements

ShareTweetShareSendSend

Dwight Capital’s REIT, Dwight Mortgage Trust, is launching a new CRE rescue capital fund that is a preferred equity and mezzanine debt platform to aid sponsors with equity shortfalls in connection with permanent loan refinancings.

The CRE Rescue Capital Fund is managed in partnership with Miami-based 27 Capital, a real estate private equity firm founded and led by Arash Gohari, on this initiative.

“Together with our existing bridge loan and construction lending products, the added preferred equity and mezzanine capabilities will assist Dwight Mortgage Trust in deploying over $2 billion of new loan originations in 2023,” said Tim Groves, chief investment officer at Dwight, in a statement.

Given the current rate environment, the firm said it expects a significant percentage of loans closed over the past several years — particularly floating rate bridge loans — will be unable to achieve cash neutral refinancing via HUD, Fannie Mae, Freddie Mac or CMBS.

Dwight Capital is among the largest commercial real estate finance companies in the U.S. and has a loan servicing portfolio in excess of $11 billion.

The rescue capital strategy is aimed at properties valued between $10 million and $75 million in the multifamily, mixed use, office, retail, independent/assisted living properties sectors in the U.S.

Dwight Capital and Dwight Mortgage Trust Co-Founder Adam Sasouness said that the “unprecedented” number of loan maturities coming due in the next year have pushed the firm to help its partners get through a period of “lower-than-expected proceeds” and higher interest rates with financing solutions.

ShareTweetShareSendSend
Previous Post

New York pension system adds to real estate

Next Post

PE, credit activity tied for supremacy as dry powder is put to work

Related Posts

Vision Ridge raises latest sustainable real assets fund
Real Estate/Infrastructure

Vision Ridge raises latest sustainable real assets fund

NJ DOI invests with existing alts managers
Pensions

NJ DOI invests with existing alts managers

Prime hits historic asset raise with third self-storage fund
Real Estate/Infrastructure

Prime hits largest asset raise with third self-storage fund

Vidrio expands Qontigo partnership with portfolio and risk enhancements
Hedge Funds

Vidrio expands Qontigo partnership with portfolio and risk enhancements

NEA raises $6.2bn across two tech and healthcare funds
Manager News

NEA raises $6.2bn across two tech and healthcare funds

Next Post
PE, credit activity tied for supremacy as dry powder is put to work

PE, credit activity tied for supremacy as dry powder is put to work

Log In/Out

Lost your password?

Search the AW Archives

No Result
View All Result

Recent News

Credit deals outpace private equity

Credit deals outpace private equity

Texas fund allocates $90m to private markets, reviews annual plan

Texas fund allocates $90m to private markets, reviews annual plan

Long/short hedge funds struggle as redemptions surge

Long/short hedge funds struggle as redemptions surge

Vision Ridge raises latest sustainable real assets fund

Vision Ridge raises latest sustainable real assets fund

Be an Alts Insider

Sign up for your FREE daily alts news briefing

Subscribe

Subscribe to AW
Alternatives Watch

© 2019-2022, All Rights Reserved  |  BMV Digital

Navigate Site

  • Hedge Funds
  • Private Equity
  • Private Credit
  • RE/Infrastructure
  • Investor News
  • Research
  • Subscribe
  • Log In

Follow Us

No Result
View All Result
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In

© 2019-2022, All Rights Reserved  |  BMV Digital

Be an alts insider

Start your days in the know with our free newsletter

No, I don't want to be an alts insider

Thank

You!

Follow us
on LinkedIn

Lost your password?

Cookie Consent
We do not use cookies on our website other than those that are strictly necessary for the website to function. By clicking “Accept”, you consent to the use of all six strictly necessary cookies.
Do not sell my personal information.
Cookie Settings Accept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Save & Accept
Powered by CookieYes Logo