Dwight Capital Company Profile

Background

Founded in 2014 by Adam and Josh Sasouness, Dwight Capital is a prominent commercial real estate finance company specializing in multifamily and healthcare property financing. The firm's mission is to provide innovative and comprehensive financial solutions tailored to the unique needs of its clients. Over the years, Dwight Capital has established itself as a leading FHA/HUD lender, consistently ranking among the top in the nation.

Key Strategic Focus

Dwight Capital's strategic focus encompasses a diverse range of financial services, including:

FHA/HUD Lending: Specializing in multifamily and healthcare property loans under various HUD programs such as 223(f), 223(a)(7), and 221(d)(4).

Bridge and Mezzanine Financing: Offering short-term financing solutions to facilitate property acquisitions, refinances, and value-add projects.

Asset-Based Lending: Through its affiliate, Dwight Funding, providing working capital solutions to small and mid-sized businesses.

Healthcare Financing: Delivering specialized financial products tailored for the healthcare sector, including revolving lines of credit and bridge loans.

The company leverages its deep industry expertise and innovative approach to address the evolving needs of the real estate and healthcare markets.

Financials and Funding

Dwight Capital has demonstrated significant financial growth since its inception:

2020: Closed over $3.6 billion in real estate financings across 43 states, tripling its lending volume from the previous year.

2024: Along with its affiliate REIT, Dwight Mortgage Trust, financed over $2 billion in real estate transactions, expanding their capital solutions and servicing portfolio to more than $12 billion.

The firm's financial strength is further bolstered by strategic acquisitions, such as the purchase of Love Funding in 2020, enhancing its operational expertise and market reach.

Pipeline Development

Dwight Capital's robust pipeline includes:

Healthcare Financing: Launched Dwight Healthcare Funding in January 2024, offering working capital revolving lines of credit to skilled nursing home operators, with $65 million in revolving credit commitments to date.

Green Financing: Introduced Dwight Green Finance in July 2024, a dedicated lending platform supporting property improvements through C-PACE financing, enabling energy-efficient upgrades and renewable energy installations.

These initiatives reflect the company's commitment to diversifying its offerings and addressing emerging market demands.

Technological Platform and Innovation

Dwight Capital distinguishes itself through:

Proprietary Technologies: Developing integrated processes that streamline capital solutions for clients, particularly in the healthcare sector.

Advanced Analytics: Investing in technology to enhance data analytics capabilities, improving decision-making and client service.

These innovations enable Dwight Capital to offer efficient and tailored financial solutions, setting it apart in the competitive landscape.

Leadership Team

Dwight Capital's leadership comprises seasoned professionals:

Adam Sasouness: Co-Founder and CEO, instrumental in the company's strategic direction and growth.

Josh Sasouness: Co-Founder and Co-CEO, focusing on expanding the firm's market presence and service offerings.

Paige Ela: Managing Director of Healthcare Finance, bringing over 20 years of experience in healthcare finance, previously serving as Executive Vice President and COO of Healthcare Lending at Forbright Bank.

Itay Silverberg: Director of Analytics, with a background in data analytics and credit underwriting, formerly Head of Data Analytics at Greystone Monticello LLC.

This team drives the company's mission to deliver innovative financial solutions.

Leadership Changes

In 2024, Dwight Capital expanded its healthcare team by appointing:

Paige Ela: Managing Director of Healthcare Finance.

Itay Silverberg: Director of Analytics.

These appointments enhance the company's expertise in healthcare financing and data analytics.

Competitor Profile

Market Insights and Dynamics:

The commercial real estate finance market is characterized by:

Market Size and Growth: A substantial and growing sector driven by demand for multifamily and healthcare property financing.

Industry Trends: Increasing focus on sustainable financing solutions and technological integration.

Competitor Analysis:

Key competitors include:

Värde Partners: Provides investment advisory services with a focus on alternative investments.

Community Capital Management: Specializes in impact investing and community development financing.

Barwon Investment Partners: Focuses on property and private equity investments.

Savings Bank of Danbury: A full-service community bank offering a range of financial services.

These competitors offer diverse financial products, contributing to a dynamic and competitive market landscape.

Strategic Collaborations and Partnerships

Dwight Capital has engaged in significant collaborations:

Terra Firma Capital Corporation: Partnered to launch Terra Dwight Residential Credit Fund III LP, focusing on U.S. residential lot banking and land acquisition financing.

LyonJay: Co-launched Hudson Oak Development, a Built-for-Rent focused developer and investor.

These partnerships enhance Dwight Capital's market position and service capabilities.

Operational Insights

Dwight Capital's strategic considerations include:

Market Position: Maintaining a leading role in FHA/HUD lending for multifamily and healthcare properties.

Competitive Advantages: Offering a comprehensive suite of financial solutions, leveraging technological innovations, and fostering strategic partnerships.

These factors contribute to the company's sustained growth and industry leadership.