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Dwight Launches “Rescue Capital” Preferred Equity and Mezzanine Debt Platform

Dwight Capital and its affiliated REIT, Dwight Mortgage Trust (DMT), launched a “rescue capital” preferred equity and mezzanine debt platform to assist sponsors with equity shortfalls in connection with permanent loan refinancings. 

Given the current rate environment, Dwight 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’s rescue capital strategy targets multifamily, mixed use, office, retail and independent/assisted living properties valued between $10 million and $75 million throughout the U.S. 

“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,” according to CIO Tim Groves. 

DMT is partnering with Miami-based 27 Capital on this initiative. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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