Dwight Mortgage Trust Refis Sereno With $72M Loan

TL;DR

$72M Bridge Loan: Dwight Mortgage Trust provided a $72 million bridge loan to Luxcom Builders to refinance the 235-unit Sereno apartments in Sunrise, Fla.[[1]](https://commercialobserver.com/2026/04/dwight-mortgage-south-florida-apartments/)[[2]](https://commercialobserver.com/2026/04/dwight-mortgage-south-florida-apartments)
Sereno Completion: The 135,000-square-foot luxury complex on a former BJ’s Wholesale Club site finished in December 2025 and leased over 40% of units in three months.[[1]](https://commercialobserver.com/2026/04/dwight-mortgage-south-florida-apartments/)
Refi Purpose: Proceeds retired prior $41 million construction debt and set up an interest reserve for ongoing operations.[[1]](https://commercialobserver.com/2026/04/dwight-mortgage-south-florida-apartments/)

The story at a glance

Luxcom Builders, led by Oscar Barbara, secured a $72 million bridge loan from Dwight Mortgage Trust to refinance its new Sereno multifamily project in Sunrise, Fla. The deal was originated by Dwight's David Scheer, Alex Izso, and Evan Fromen. It's being reported now as a recent closing for a property that just stabilized post-construction. The site was bought in 2017 for $12.6 million after previously housing a BJ’s Wholesale Club.[[1]](https://commercialobserver.com/2026/04/dwight-mortgage-south-florida-apartments/)[[2]](https://commercialobserver.com/2026/04/dwight-mortgage-south-florida-apartments)

Key points

Sereno covers 135,000 square feet across six mid-rise buildings (three- to four-stories) at 8083 West Oakland Park Boulevard.
Unit mix: 91 one-bedrooms, 117 two-bedrooms, 27 three-bedrooms.
Amenities include a pool, movie theater, coworking space, fitness center, catering kitchen, and concierge desk.
Luxcom got a $41 million construction loan in early 2022 after acquiring the land for $12.6 million in 2017.
Property completed in December 2025, with over 40% occupancy in the first three months.[[1]](https://commercialobserver.com/2026/04/dwight-mortgage-south-florida-apartments/)

Details and context

Dwight Mortgage Trust (DMT), an affiliate real estate investment trust of Dwight Capital, specializes in bridge loans for multifamily projects like this one, which repays construction debt while building toward permanent financing.[[2]](https://commercialobserver.com/2026/04/dwight-mortgage-south-florida-apartments)

The loan establishes an interest reserve to cover payments during lease-up, a common step for new developments in competitive markets like South Florida.

Sereno sits in Sunrise, a suburb northwest of Fort Lauderdale, where demand for luxury rentals remains strong despite broader multifamily supply growth.

Key quotes

None.

Why it matters

This deal highlights lender confidence in South Florida's rental market through sizable bridge financing for fresh assets. For developers like Luxcom, it means liquidity to manage operations without immediate permanent debt pressure; investors note the quick lease-up as a positive signal. Watch Sereno's full stabilization and any future permanent loan or sale, though timing depends on market rates.