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Alternative Assets  + Real Estate  |  November 14, 2024
Dwight Mortgage Trust Closes $383.5M Freddie Mac Multifamily Securitization
Joe Palmisano
By: Joe Palmisano

Dwight Mortgage Trust Closes $383.5M Freddie Mac Multifamily Securitization

Dwight Mortgage Trust (DMT) has completed a $383.5 million floating-rate securitization through Freddie Mac’s Q-Series program, marking its first Q-Deal issuance. The deal represents the largest Q-Series multifamily securitization in two years.

The Q029 transaction consists of nine loans secured by value-add multifamily properties in eight states. Seven of the properties are new, with completion dates ranging from 2022 to 2023, while two have received extensive renovations since 2021.

“This securitization showcases DMT’s dedication to supporting the affordable multifamily housing market while delivering compelling risk-adjusted returns for our investors,” said Adam Sasouness, CEO of DMT. “We look forward to continuing our collaboration with Freddie Mac to provide vital liquidity to the multifamily sector.”

Sponsors plan additional capital improvements to enhance property values. Dwight Capital will serve as sub-servicer for the loan portfolio.

Dwight Mortgage Trust LLC is an open-ended private fund established as a real estate investment trust that specializes in the origination and financing of commercial real estate mortgages across many asset classes, with a particular emphasis on multifamily and senior housing.

DMT has funded 284 loans secured by properties in 38 states, with an aggregate principal balance of over $5.2 billion to date.

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Dwight Mortgage Trust

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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