Dwight Raises $1 Billion for Multifamily Construction Fund
Partially completed townhouses under construction in Des Plaines, Illinois.
Photographer: Tim Boyle/BloombergDwight Securities Management LLC raised funding to originate as much as $1 billion in construction loans, targeting the housing shortage that has driven up costs across the US.
The company in a Friday release said that the credit, backed by its current stock of properties, will fund the construction of market-rate multifamily housing over the coming year.