Dwight Mortgage Trust Finances $88.4MM in Five-Year-Term Loans for Three Apartment Communities in the Southeast

Dwight Mortgage Trust (“DMT”), the affiliate REIT of Dwight Capital, closed a pair of five-year fixed-rate financings totaling $88.4 million for three multifamily communities in the Southeast.

The five-year, fixed-rate structure provides borrowers with the benefits of in-house servicing, flexible loan structuring, and a streamlined closing process.

The properties include Mosaic Apartments, a 456-unit multifamily community in Tuscaloosa, Alabama, and a two-property 312-unit portfolio in Fayetteville, North Carolina, comprising Britt Lake and Woodland Village.

Mosaic Apartments recently completed comprehensive renovations across all units, featuring modern finishes such as stainless-steel appliances, quartz countertops, and in-unit washers and dryers. Common area enhancements included improvements to the property’s pool, clubhouse, and fitness center. Additional community amenities feature a game room, walking and biking trail, picnic area and grills, and six pools.

The Fayetteville portfolio includes Britt Lake, a 216-unit community, and Woodland Village, a 96-unit property. Both communities feature a robust amenity offering with a fitness center, clubhouse, pools, and dog parks.

Loan proceeds were used to refinance existing debt, cover transaction-related costs, and fund an interest reserve. The borrowers are private high-net-worth investors focused on acquiring and repositioning well-located multifamily assets. Both transactions were originated by Dwight’s Andrew Tichy and brokered by Moshe Feiner of Sevenstone Capital.