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Chicago & Midwest  + Illinois  + Healthcare  |  May 23, 2025
Jasmine Kilman
By: Jasmine Kilman

Dwight Mortgage Trust Closes $20M Bridge Loan for IL Nursing Facility

Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, financed a $20 million bridge loan for Bria of Palos Hills, a 207-bed skilled nursing facility in Palos Hills, Illinois.

Originally constructed in 1980, the facility underwent a major renovation and expansion in 2016 with the addition of a modern two-story wing connected to the original single-story structure. The original building primarily serves long-term care residents, while the newer extension is designed for short-term rehabilitation and post-acute care.

In September 2023, one of the wings was converted into a specialized dialysis and ventilation unit. Loan proceeds will be used to retire existing debt.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC and Keynote Interviewer Fred Schreiber, Chief Operating Officer at Connect Midwest Multifamily on June 4, 2025, at The Midland Hotel, Chicago, IL. Register Today to network with your peers!

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Dwight Mortgage

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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