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Dwight Mortgage Trust Completes $384M Q-Deal with Freddie Mac
Dwight Mortgage Trust (DMT) completed what is reportedly the largest multifamily mortgage loan securitization through Freddie Mac’s Q-Series program in the past two years. The $383.5-million floating-rate Q-Deal, Q029, comprises nine loans secured by value-add multifamily properties spanning eight states and represents DMT’s inaugural Q-Deal issuance with Freddie Mac.
Seven of the properties were newly constructed between 2022 and 2023, while the remaining two have undergone substantial renovations since their acquisition in 2021. The sponsors intend to deploy additional capital for further improvements and enhancements, driving long-term value for these assets. Dwight Capital, serving as sub-servicer, will be responsible for loan servicing for the Q-Deal.
“This securitization showcases DMT’s dedication to supporting the affordable multifamily housing market while delivering compelling risk-adjusted returns for our investors,” said Adam Sasouness, CEO of DMT. “We look forward to continuing our collaboration with Freddie Mac to provide vital liquidity to the multifamily sector.”
Pictured: 224 W. 124th St. in Harlem, one of nine properties securing Q029.
- ◦Financing
