
Dwight Capital Expands Senior Housing Footprint with $500M HUD Servicing Deal
Dwight Capital has acquired Midland States Bank’s seniors housing HUD mortgage servicing rights portfolio, adding more than $500 million in unpaid principal balance across 69 loans spanning 22 states.
The portfolio is secured by skilled nursing facilities, assisted living communities and hospitals, deepening Dwight’s presence in healthcare-oriented real estate finance. Following the transaction, the firm’s total loan servicing portfolio will exceed $15 billion.
The deal reflects continued consolidation in HUD lending and servicing, particularly across specialized asset classes such as seniors housing, where operational expertise and regulatory oversight are critical.
“Our servicing portfolio has scaled significantly in recent years, and we continue to invest in the people, technology, and compliance infrastructure needed to support complex real estate assets while maintaining a direct personal connection with our clients,” said Josh Sasouness, Co-CEO of Dwight Capital.