Dwight Mortgage Trust Logo

Performance

Existing Portfolio Snapshot

December 2023

Property Types

Investment Strategy

Collateral Stats

Fund Assets$2.4B*
Loan Count117*
WA Remaining Term to Fully Extended Maturity19 months
Average Loan Size$20.3MM
Weighted Average Acquisition / Refi46% / 54%
Stabilized / Value-Add32% / 68%
*Metric through December 31, 2023.

Portfolio Stats

Weighted Average Spread on LoansS+453
Weighted Average DSCR1.31x
Weighted Average LTV62.1%

Fund & Structure

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

Terms

Minimum Investment$250,000
Subscription FrequencyMonthly
Lockup PeriodInitial 18 months
Target Gate (Investor Level)¹25% Per Quarter
Target Gate (Fund Level)¹10% Per Quarter
DistributionQuarterly
Redemption PeriodQuarterly
Management Fee²1.5%
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

LegalMayer Brown LLP, Sidley Austin LLP, Katten Muchin Rosenman LLP
Audit & TaxGrant Thornton LLP
CustodianUMB Bank
Fund AdministratorAlter Domus
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.