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Performance

Existing Portfolio Snapshot

July 2022

Property Types

Diversification of Loans

Collateral Stats

Fund Assets$2.421B*
Loan Count153*
Weight Average Remaining Loan Term23 months
Average Loan Size$15.8MM
Weighted Average Acquisition / Refi63% / 37%
Stabilized / Value-Add43% / 57%
*Metric through July 31, 2022.

Portfolio Stats

Weighted Average SpreadSOFR+476
Weighted Average DSCR1.67x
Weighted Average LTV70.22%

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

LegalMayer Brown LLP, Sidley Austin LLP, Katten Muchin Rosenman LLP
AuditGrant 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.