Adam Sasouness and Josh Sasouness

Dwight Capital thrived across its multiple lending verticals in 2024 and has come out of the gates strong in 2025.

The Miami-based lender originated $3 billion for the one-year period ending March 1, 2025, and was on pace to close roughly $1 billion of loans in the first quarter alone. 

Dwight’s versatile business includes providing U.S. Department of Housing and Urban Development (HUD)-backed loans along with offering construction and bridge debt through Dwight Mortgage Trust (DMT), its private real estate investment trust.

“Between HUD financing, balance sheet bridge, conventional ground-up new construction, CPACE, preferred equity, and mezzanine loans, we’re able to offer our clients the full spectrum of real estate finance,” said Josh Sasouness. “And unlike the vast majority of our competitors we rarely securitize, which provides us with maximum flexibility.”

Sasouness, who is a co-founder and managing partner with his brother Adam, noted that Dwight was also active with conventional ground-up construction loans through DMT toward the latter part of 2024, with demand accelerating for a growing part of its business. 

Of the 105 loans Dwight closed from March 1, 2024, to March 1, 2025, 55 percent were in the multifamily sector with 40 percent in health care and 5 percent involving industrial/land deals. 

The largest deal Dwight closed over the past year involved a $148 million construction loan from DMT to build the second phase of developer Moshe Braver’s 524-unit Queens multifamily project at 94-15 Sutphin Boulevard, close to Long Island Rail Road’s Jamaica station. 

In early 2024, the firm launched Dwight Healthcare Funding and has facilitated $100 million in revolving credit commitments for health care facility owner borrowers under the initiative.

The company later introduced Dwight Green Finance in July 2024 as a lending platform led by Lisa Nordel originating Commercial Property Assessed Clean Energy (C-PACE) loans. Another new offering formed recently is the Terra Dwight Residential Credit Fund III, created in partnership with Terra Firma Capital, that focuses on senior land acquisition and development for U.S. homebuilders.

“Dwight really bought into my message of staying in the game through the fire because you never know when new opportunities may arise or when the tide is going to turn. It’s paramount to be completely prepared for that moment” Sasouness said. “Our team has done a great job of not getting disenchanted with the state of the market and continuing to think critically.”