Property Types
Investment Strategy
Collateral Stats
| Fund Assets | $2.96 B |
| Current Loan Count | 123 |
| WA Remaining Term to Fully Extended Maturity | 21 months |
| Average Loan Size | $28.6 MM |
| WA Acquisition / Refi / Construction | 29% / 63% / 8% |
| Stabilized / Value-Add (MF) / Value-Add (SH) / Lease-Up / Construction | 29% / 23% / 10% / 34% / 4% |
Portfolio Stats
| Weighted Average Spread on Loans | SOFR+4.46% |
| Weighted Average DSCR | 1.45x |
| Weighted Average LTV | 64% |
Fund & Structure
| Management Company | Dwight Securities Management LLC |
| Fund | Dwight Mortgage Trust LLC (REIT) |
Key Terms
| Minimum Investment | $250,000 |
| Subscription Frequency | Monthly |
| Initial Lockup Period¹ | Initial 12 months |
| Distribution | Quarterly |
| Management Fee² | 1.5% |
¹ Ability to redeem at 98% of NAV during lockup period.
² Management Fee is on fund AUM, not loan amount.
Select Service Providers
| Legal | Mayer Brown LLP |
| Audit & Tax | Grant Thornton LLP |
| Custodian | UMB Bank |
| Fund Administrator | Alter Domus |
| Compliance Consultant | Kroll, LLC |
Incentive Fee
| Incentive Fee | 25% over a 7% hurdle (no catch-up) |