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.