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Portfolio Overview

Existing Portfolio Snapshot

Through May 31, 2024

Property Types

Investment Strategy

Collateral Stats

Fund Assets$2.61B
Current Loan Count113
WA Remaining Term to Fully Extended Maturity21 months
Average Loan Size$23.1MM
Weighted Average Acquisition / Refi37% / 63%
Stabilized / Value-Add36.5% / 63.5%

Portfolio Stats

Weighted Average Spread on LoansSOFR+422
Weighted Average DSCR1.93x
Weighted Average LTV61%

Fund & Structure

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

Key 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
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.

Select Service Providers

LegalMayer Brown LLP, Sidley Austin LLP, Kasowitz LLP
Audit & TaxGrant Thornton LLP
CustodianUMB Bank
Fund AdministratorAlter Domus
Compliance ConsultantKroll

Incremental Incentive Fee

Net ReturnIncentive Fee
0% - 6%10%
6.01% - 10%15%
*Each tier does not include a catch-up.