Property Types
Investment Strategy
Collateral Stats
| Fund Assets | $2.228B* |
| Loan Count | 111* |
| WA Remaining Term to Fully Extended Maturity | 20 months |
| Average Loan Size | $20.0MM |
| Weighted Average Acquisition / Refi | 55% / 45% |
| Stabilized / Value-Add | 32% / 68% |
*Metric through October 31, 2023.
Portfolio Stats
| Weighted Average Spread | S+457 |
| Weighted Average DSCR | 1.32x |
| Weighted Average LTV | 66.6% |
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 |
| Target Gate (Investor Level)¹ | 25% Per Quarter |
| Target Gate (Fund Level)¹ | 10% Per Quarter |
| Distribution | Quarterly |
| Redemption Period | Quarterly |
| Management Fee² | 1.5% |
¹ Withdrawals are subject to limitation by DMT upon occurrence of material events.
² Management Fee is on fund AUM, not loan amount.
Service Providers
| Legal | Mayer Brown LLP, Sidley Austin LLP, Katten Muchin Rosenman LLP |
| Audit & Tax | 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.