Property Types
Investment Strategy
Collateral Stats
| Fund Assets | $2.61B |
| Current Loan Count | 113 |
| WA Remaining Term to Fully Extended Maturity | 21 months |
| Average Loan Size | $23.1MM |
| Weighted Average Acquisition / Refi | 37% / 63% |
| Stabilized / Value-Add | 36.5% / 63.5% |
Portfolio Stats
| Weighted Average Spread on Loans | SOFR+422 |
| Weighted Average DSCR | 1.93x |
| Weighted Average LTV | 61% |
Fund & Structure
| Management Company | Dwight Securities Management LLC |
| Fund | Dwight Mortgage Trust LLC (REIT) |
Key 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.
Select Service Providers
| Legal | Mayer Brown LLP, Sidley Austin LLP, Kasowitz LLP |
| Audit & Tax | Grant Thornton LLP |
| Custodian | UMB Bank |
| Fund Administrator | Alter Domus |
| Compliance Consultant | Kroll |
Incremental Incentive Fee
| Net Return | Incentive Fee |
| 0% - 6% | 10% |
| 6.01% - 10% | 15% |
| 10%+ | 20% |
*Each tier does not include a catch-up.