NEW YORK, NY - Dwight Capital, a national provider of commercial loans, announced today that it had received $467,354,400 in multi-family Firm Commitments during HUD’s 2015 Fiscal Year. This earned the Company the number five spot in Lender Rankings for Multi-family Firm Commitments.
Dwight Capital commenced operations in January 2014 and immediately began building its pipeline. Even though it did not receive its MAP License until October 2014 – putting it slightly behind the competition for Fiscal Year 2015 – it nonetheless more than met its ambitious goal of becoming a top-ten FHA Lender.
“I am extremely proud of our team and accomplishments in such a short period. We knew in October 2014 that we wanted to make a statement in the market and we worked hard from production through underwriting and closing to make that happen. I look forward to watching our group continue to grow and improve” said Co-Managing Principal, Adam Sasouness.
Co-Managing Principal, Josh Sasouness noted “What is not reflected in the rankings is that prior to obtaining MAP approval, Dwight placed $70+ million with other FHA lenders which did not count towards our FY 2015 total.”
He added, “I would attribute our success to being proactive in identifying client opportunities and utilizing our expertise in presenting HUD loan options in a clear and concise fashion and the fact that HUD has done a great job in progressively streamlining its programs.”
About Dwight Capital: Dwight Capital, headquartered in New York, is an FHA/HUD approved lender and CMBS lender, focusing on the origination of multifamily and healthcare mortgages. To complement those business lines, Dwight Capital also offers bridge loans and preferred equity/mezzanine loans. Dwight Capital prides itself on providing innovative and creative financial solutions for our clients.