Dwight Mortgage Trust Launches $925M Inaugural CRE CLO
Dwight Mortgage Trust LLC has successfully priced its first Commercial Real Estate Collateralized Loan Obligation (CRE CLO), DWIGHT 2025-FL1 — a $925 million securitization backed by a diverse pool of multifamily mortgage loans. The transaction is supported by 30 mortgage assets tied to income-producing multifamily properties located throughout the United States.
“This transaction provides us with a strategic, scalable financing vehicle that enhances our funding flexibility, supports continued loan origination growth, and aligns with our long-term asset management strategy,” said Jai Agarwal, President and COO of Dwight Mortgage Trust. “As our business continues to grow, we expect to periodically access the CRE CLO market.”
The structure of the deal includes a dynamic capital formation designed to optimize proceeds while ensuring alignment with investor interests. Dwight Mortgage Trust retains an equity interest in the transaction and will continue managing the loan collateral. The transaction also includes a two-year reinvestment period, allowing the firm to reposition the loan portfolio within defined concentration and credit quality parameters.
J.P. Morgan, Atlas, and Deutsche Bank acted as co-lead managers and bookrunners for the offering.
