FHA/HUD Market-Rate Housing
Dwight Capital’s executives have extensive market expertise and a wealth of financial knowledge. The firm’s comprehensive experience in processing HUD-insured loans provides them with a broad vision and the necessary skills to deliver results. The team is tapped into all major national markets and brings a significant value add to secondary and tertiary markets. With combined experience on over $8 billion of closed loans under sections 223(f), 223(a)(7), and 221(d)(4), this expert team maintains close relationships with each of the Department of Housing and Urban Development field offices and headquarters.
Affordable Housing
The Dwight Capital team works closely with borrowers to navigate both the 4% and 9% Low Income Housing Tax Credit (LIHTC) programs, which are used to finance the construction and restoration of low-income, affordable, rental housing in conjunction with HUD financing via HUD’s 221(d)(4) and 223(f) programs. Dwight executives also have a deep knowledge of historic tax credits, new market tax credits, Section 8 rental contracts and various government programs for subordinated loans or grants. We are highly motivated to aid in the creation and preservation of low income and affordable rental housing across the country.
HUD defines “Affordable Housing ” as a) projects that have a recorded regulatory agreement in effect for at least 15 years after final endorsement; or b) projects that meet at least the minimum LIHTC restrictions of 20% of units at 50% of the Area Median Income (AMI), or 40% with economic rents (portion paid by tenants) on those units no greater than LIHTC rents; or c) mixed income projects if the minimum low income unit rent and occupancy restrictions and regulatory agreement meet above criteria.
FHA/HUD 223(f) - Acquisition and Refinancing of Multifamily Properties - Term Sheet
FHA/HUD 223(a)(7) - Refinancing of Properties with Existing HUD Insured Debt - Term Sheet
FHA/HUD 241(a) - Repairs, Additions, and Improvements to Multi-family Properties - Term Sheet
Bridge Financing: Multi-Family & Healthcare
Dwight Capital is experienced in providing innovative short-term loans, while considering the big picture and long-term financial needs of the client. With our bridge-to-HUD solutions, borrowers receive up to three years of bridge financing and gain the opportunity to prepare their properties to meet the requirements of receiving permanent financing. If the property qualifies for an FHA/HUD loan, we help ensure that this process is a seamless transition.
Bridge Loan Representative Terms - Term Sheet
Mezzanine & Preferred Equity
Dwight Capital prides itself on finding creative solutions for clients in the capital stack including JV equity, preferred equity, and mezzanine financing. We tailor each mezzanine and/or preferred equity solution to the individual transaction. We have strong relationships with a range of capital providers including institutional funds, REITs, foreign capital sources, family offices, and high net worth individuals.
Healthcare Financing
Dwight Capital provides senior living organizations with short-term and long-term financing options that fit their specific needs. As experts in the field, we work with the full continuum of seniors housing and care, including Independent Living, Assisted Living, Memory Care, Skilled Nursing, Continuing Care Retirement Communities, and Hospitals. Healthcare financings are tailored to our clients’ needs and include our proprietary bridge program and HUD, agency, and conventional bank debt.
FHA/HUD Section 232 LEAN - Acquisition and Refinance of Healthcare Properties - Term Sheet
Hospital
HUD’s loan program for acute care hospitals, including critical access hospitals, provides financing for the new construction, expansion, modernization, equipment and refinancing of existing debt. Dwight Capital has deep experience executing a variety of hospital finance transactions, including FHA 242, new market tax credits, traditional bond financing and USDA loans.
FHA/HUD Section 242 - New Construction or Substantial Rehabilitation of Hospitals - Term Sheet
FHA/HUD Section 242/223(f) - Acquisition and Refinancing of Hospitals - Term Sheet
FHA/HUD Section 242/223(a)(7) - Refinance of an Existing FHA Hospital Insured Loan - Term Sheet
USDA
Dwight Capital supports development and rehabilitation of low income housing in rural areas. Through the U.S. Department of Agriculture (USDA) Section 538 Loan Programs, Dwight Capital assists in providing financing for new construction or substantial rehabilitation for multifamily and senior housing rental units in towns with less than 25,000 people. Dwight Capital’s team guides clients through every step of the application process, from the NOFA (Notice of Funds Available) Response and submission to the comprehensive application review. The process of reviewing and approving the application takes 45-120 days through USDA, and Dwight Capital will make sure it is done correctly the first time. Our expertise and experience will ensure a smooth and stress-free process for all USDA Section 538 loans.
