**Dwight Mortgage Trust Closes $50M Bridge Loan for Toms River 55+ Community**
Dwight Mortgage Trust, the affiliated REIT of Dwight Capital, has finalized a $50 million bridge loan to support the acquisition of Silverwoods, a 313-unit, age-restricted multifamily community located in Toms River, New Jersey. The financing will be used to fund the purchase, establish an interest reserve, cover transaction-related expenses, and secure an interest rate cap for borrowers Mathias Deutsch and Isidore Bleier.
The deal was arranged by Moshe Feiner of Sevenstone Capital. The identity of the seller was not disclosed.
Situated in Ocean County, Silverwoods encompasses 46 one-story buildings across a 55-acre site. The community includes seven studio apartments, 41 one-bedroom units, and 265 two-bedroom residences. Residents have access to onsite amenities such as a swimming pool, fitness center, and clubhouse.
