Dwight Capital acquired Love Funding, the HUD lending subsidiary of Midland States Bank.
The amount of the deal was not disclosed.
The Love Funding Platform will be integrated within Dwight Capital. Midland States Bank will be retaining the existing Love Funding servicing portfolio.
Dwight Capital 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.