
Dwight Mortgage Trust LLC has priced its inaugural Commercial Real Estate Collateralized Loan Obligation, DWIGHT 2025-FL1, a $925-million securitization backed by a diversified pool of multifamily mortgage loans. The CRE CLO is collateralized by 30 mortgage assets secured by multifamily, income-producing properties across the U.S.
“This transaction provides us with a strategic, scalable financing vehicle that enhances our funding flexibility, supports continued loan origination growth, and aligns with our long-term asset management strategy,” said Jai Agarwal, president and COO at Dwight Mortgage Trust. “As our business continues to grow, we expect to periodically access the CRE CLO market.”
The transaction features a dynamic capital structure designed to optimize proceeds while maintaining alignment with investors through Dwight Mortgage Trust’s retained equity interest and ongoing collateral management. The two-year reinvestment period allows the manager to actively reposition the loan portfolio, subject to concentration and credit quality tests. J.P. Morgan, Atlas and Deutsche Bank served as co-lead managers and bookrunners.
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