**Dwight Mortgage Trust Closes $20M Bridge Loan for Illinois Nursing Facility**
Dwight Mortgage Trust, the affiliate real estate investment trust of Dwight Capital, has closed a $20 million bridge loan for Bria of Palos Hills, a 207-bed skilled nursing facility located in Palos Hills, Illinois.
Originally built in 1980, the facility underwent a comprehensive renovation and expansion in 2016. The upgrade included the construction of a modern two-story wing connected to the original single-story structure. The original portion of the facility is primarily dedicated to long-term care residents, while the new wing focuses on short-term rehabilitation and post-acute care services.
In a further enhancement to its healthcare offerings, a wing of the facility was converted in September 2023 into a specialized dialysis and ventilation unit. Proceeds from the newly secured loan will be used to retire existing debt.
Don’t miss the Lifetime Achievement Award Presentation and keynote interview with Greg Mutz, Chairman & CEO of AMLI Residential Partners, LLC. The interview will be conducted by Fred Schreiber, Chief Operating Officer, at the Connect Midwest Multifamily Conference on June 4, 2025. The event will be held at The Midland Hotel in Chicago, Illinois. Register today to connect with industry peers.
