Dwight Capital Closes $47.2M Refinancing for Skilled Nursing Facility Near NYC

DOBBS FERRY, N.Y. — Dwight Capital, a New York City-based lender, has arranged a $47.2 million loan for Cabrini of Westchester, a skilled nursing facility in Dobbs Ferry, along the Hudson River approximately 20 miles north of Manhattan.

The HUD loan will refinance tax-exempt bonds on the project that were set to expire. The fixed interest rate will save the owners $600,000 a year on debt service payments, according to the lender.

More News