Daily News: February 4, 2015

Dwight Capital Launches ABL Group

Dwight Capital, a real estate lender focused on financing multifamily and healthcare properties, launched Dwight Funding, an ABL group in partnership with Ben Brachot and Daniel Basloe. Brachot and Basloe join Dwight Funding as managing directors and bring extensive experience in the asset based lending and receivable finance industry.

Dwight Funding is a New York-based commercial finance company specializing in providing working capital solutions to small and mid-sized businesses. Dwight supports entrepreneurs and growing businesses by providing asset-based loans, receivable financing, and other financial solutions structured to suit their clients’ unique needs.

Brachot joins Dwight Funding from FGI Finance where he oversaw all new business. His experience encompasses originating and structuring transactions in the US, Canada, and internationally.

Basloe is a veteran of Harborcove Financial where he oversaw deal structuring and portfolio management for their debt and equity investments. Prior to Harborcove, Basloe worked at JPMorgan where he managed operations and supported strategy of a financing derivatives trading desk.

“We are thrilled to have Ben and Daniel join our team,” said Adam Sasouness, managing principal of Dwight Capital. “Under their leadership, Dwight Funding will complement the existing Dwight businesses and support our clients.”

“Dwight Funding, through its leadership’s experience and processes, is uniquely positioned to focus on lower middle market companies and support their growth needs,” said Basloe.

“I am excited to join the Dwight team in launching Dwight Funding with a focus on top level client support, financing and structuring expertise,” said Brachot.