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Performance

Existing Portfolio Snapshot

November 2021

Property Types

Diversification of Loans

Collateral Stats

Fund Assets$1.147 B*
Loan Count113*
Weight Average Remaining Loan Term19 months
Average Loan Size$10.2 MM
Weighted Average Acquisition / Refi49% / 51%
Stabilized / Value-Add59% / 41%
*Metric through November 30, 2021.

Portfolio Stats

Weighted Average SpreadL+473
Weighted Average DSCR1.22x
Weighted Average LTV67.0%

Fund & Structure

Management CompanyDwight Securities Management LLC
FundDwight Mortgage Trust LLC (REIT)

Terms

Minimum Investment$250,000
Subscription FrequencyMonthly
Lockup PeriodInitial 18 months
Gate25% (investor level)
DistributionQuarterly
Redemption PeriodQuarterly
Management Fee*1.5%
*Management fee is on fund AUM, not loan amount.

Service Providers

LegalArnold & Porter Kaye Scholer LLP, Dinsmore & Shohl LLP
AuditRSM US LLP
CustodianUMB Bank
Fund AdministratorUMB Fund Services
Compliance ConsultantConstellation

Incremental Incentive Fee

Net ReturnIncentive Fee
0% - 6%10%
6.01% - 10%15%
10%+20%
*Each tier does not include a catch-up.