NEW YORK--(BUSINESS WIRE)--Dwight Capital, a national provider of commercial loans, announced today that it achieved the #2 ranking in the country among direct lenders for HUD Multi-Family loans in FY 2016 with $901,816,900 in Firm Commitments.
Co-Managing Principal, Josh Sasouness was elated. "We started Dwight Capital a few years ago with the understanding that there was a significant opportunity in the HUD space, a segment of the mortgage banking industry that has been under-served for decades. What we did not anticipate is that we would make such a significant impact as quickly as we did. We nearly doubled our 2015 dollar volume while total HUD volume remained relatively constant."
He added, "Even with such a positive response from the market, we are continuing to increase efficiency and evolve as a company. We strive to be original thinkers and impact our industry with innovation - as Tesla did with automobiles."
Adam Sasouness, Co-Managing Principal, had this to say about Dwight's success: "I am extremely proud of Dwight's achievements in such a short period of time. We commenced operations in 2014 with the goal of becoming a top 10 HUD lender and we were able to exceed that goal in our first full year (FY 2015) when we ranked #5 in the nation. We set the bar higher in 2016 and achieved the #2 ranking. Our team worked hard on every level to achieve these goals. We are looking forward to yet another successful year as we set our sights on being the #1 HUD lender in FY 2017."
For more information about Dwight Capital, please visit: www.dwightcapital.com
Dwight Capital, headquartered in New York, is an FHA/HUD approved lender and CMBS lender, focusing on the origination of multifamily and healthcare mortgages. To complement those business lines, Dwight Capital also offers bridge loans and preferred equity/mezzanine loans. Dwight Capital prides itself on providing innovative and creative financial solutions for our clients.