Dwight Mortgage Trust (DMT) completed what is reportedly the largest multifamily mortgage loan securitization through Freddie Mac’s Q-Series program in the past two years. The $383.5-million floating-rate Q-Deal, Q029, comprises nine loans secured by value-add multifamily properties spanning eight states and represents DMT’s inaugural Q-Deal issuance with Freddie Mac.
Seven of the properties were newly constructed between 2022 and 2023, while the remaining two have undergone substantial renovations since their acquisition in 2021. The sponsors intend to deploy additional capital for further improvements and enhancements, driving long-term value for these assets. Dwight Capital, serving as sub-servicer, will be responsible for loan servicing for the Q-Deal.
“This securitization showcases DMT’s dedication to supporting the affordable multifamily housing market while delivering compelling risk-adjusted returns for our investors,” said Adam Sasouness, CEO of DMT. “We look forward to continuing our collaboration with Freddie Mac to provide vital liquidity to the multifamily sector.”
Dwight Mortgage Trust LLC (“DMT”) is an open-ended private fund structured as a real estate investment trust (REIT), specializing in the origination and financing of commercial real estate mortgages across various asset classes, with a focus on multifamily and seniors housing. DMT’s range of lending options includes Balance-Sheet Bridge and New Construction Loans. DMT collaborates with its affiliate, Dwight Capital, to source and evaluate lending opportunities nationwide. DMT partners with experienced sponsors on projects in major markets, focusing on investments with well-defined exit strategies. As of November 2024, DMT has funded 284 loans secured by properties in 38 states, with an aggregate principal balance of over $5.2 billion.
Dwight Capital LLC is a leading commercial real estate finance company in the United States. The company offers a comprehensive suite of commercial lending options, including FHA/HUD Insured Loans, C-PACE Financing, Mezzanine Financing, and Preferred Equity. Dwight Capital and its affiliates manage a loan servicing portfolio exceeding $12 billion.
