NEW YORK, NY - Dwight Capital, one of the nation’s largest and most prominent private commercial real estate lenders, has acquired Love Funding, the HUD lending subsidiary of Midland States Bank. As a result of this acquisition, Dwight Capital has become the largest dedicated FHA/HUD Multifamily & Healthcare financing firm in the nation and is poised to continue its industry leading HUD financing production.
The Love Funding Platform will be integrated within Dwight Capital. Midland States Bank will be retaining the existing Love Funding servicing portfolio. The transaction was announced on August 28th, 2020.
“Our clients appreciate our dedicated attention and white-glove service that is synonymous with Dwight Capital, and our financing volume has increased exponentially as a result. It was therefore imperative that we take action to rapidly grow our personnel with a group of the highest caliber, so that our quality and service continue to excel as we grow.” stated Adam Sasouness, Co-CEO of Dwight Capital.
“The Love Funding team is and has been well-respected in the FHA/HUD lending industry for decades, which is why we felt they would be a seamless fit within Dwight. This acquisition is a demonstration of Dwight’s commitment to build and maintain a HUD financing team that is unmatched in the industry.”
“Our growth is also a direct result of our collaboration with the incredible team at HUD” said Josh Sasouness, Co-CEO of Dwight Capital. “We are grateful to HUD for their ongoing partnership with us, and their willingness to continuously adapt their policies to match housing needs across the country.”
About Dwight Capital: Dwight Capital LLC is a full-service nationwide mortgage banking firm. Our range of services includes commercial lending across a variety of platforms such as FHA/HUD, Bridge, Mezzanine Financing as well as Preferred Equity for both stabilized and new-construction properties. Dwight Capital is one of the largest FHA/HUD lenders for multifamily and healthcare properties in the United States and services in excess of $5 billion of commercial real estate loans.
For more information about Dwight Capital, please visit: www.dwightcapital.com