Property Types
Diversification of Loans
Collateral Stats
| Fund Assets | $2.421B* |
| Loan Count | 153* |
| Weight Average Remaining Loan Term | 23 months |
| Average Loan Size | $15.8MM |
| Weighted Average Acquisition / Refi | 63% / 37% |
| Stabilized / Value-Add | 43% / 57% |
*Metric through July 31, 2022.
Portfolio Stats
| Weighted Average Spread | SOFR+476 |
| Weighted Average DSCR | 1.67x |
| Weighted Average LTV | 70.22% |
Fund & Structure
| Management Company | Dwight Securities Management LLC |
| Fund | Dwight Mortgage Trust LLC (REIT) |
Terms
| Minimum Investment | $250,000 |
| Subscription Frequency | Monthly |
| Lockup Period | Initial 18 months |
| Gate | 25% (investor level) |
| Distribution | Quarterly |
| Redemption Period | Quarterly |
| Management Fee* | 1.5% |
*Management fee is on fund AUM, not loan amount.
Service Providers
| Legal | Mayer Brown LLP, Sidley Austin LLP, Katten Muchin Rosenman LLP |
| Audit | Grant Thornton LLP |
| Custodian | UMB Bank |
| Fund Administrator | Alter Domus |
| Compliance Consultant | Constellation |
Incremental Incentive Fee
| Net Return | Incentive Fee |
| 0% - 6% | 10% |
| 6.01% - 10% | 15% |
| 10%+ | 20% |
*Each tier does not include a catch-up.