Dwight Capital announced that it obtained over $2.42 billion in multifamily and healthcare FHA Firm Commitments during HUD’s 2020 fiscal year. This ranks Dwight Capital #2 among lenders both by dollar volume and number of transactions (139 loans closed). Dwight’s financings are executed throughout the United States, and this year, spanned across 36 states. Under the leadership of Adam and Josh Sasouness, Dwight has been a Top-5 FHA/MAP lender for each of the last six years.
Dwight’s overall lending volume increased by over 300% since HUD’s prior fiscal year. During this twelve-month period (October 2019 – September 2020), Dwight originated over $2.22 billion for multifamily properties under HUD’s MAP/Multifamily program and $201.16 MM for healthcare properties under HUD’s LEAN/Healthcare program.
Some notable transactions for HUD’s 2020 fiscal year included:
- $102.2 MM in HUD 223(a)(7) loans for a portfolio comprising 1,169 units in Maryland.
- $74.99 MM HUD 223(f) loan for Copper