The King of HUD: Josh Sasouness on Multifamily Lending

Season 1, Episode 2: Welcome to No Cap by CRE Daily. Today, we're joined by Josh Sasouness, co-CEO of Dwight Capital, the nation's leading multifamily FHA/HUD lender.In this episode, we dive into Josh’s family background and upbringing, exploring the origins and rapid growth of Dwight Capital. We discuss the differences between HUD and agency financing and Josh’s transition from Greystone to Dwight, including personal stories about the two worst days of his life. Josh shares insights into Dwight Funding, the current market state, and opportunities in multifamily, healthcare investments, and development. We also cover geographic markets Josh is bullish on, predictions for the American economy, and media coverage. 

Key takeaways in the episode:

 

• 01:29 — Intros
• 02:20 — Josh’s family background and upbringing
• 04:16 — Origins of Dwight Capital
• 07:19 — The secrets to growing Dwight Capital
• 08:39 — Difference between HUD and agency financing
• 11:24 — Transitioning from Greystone to Dwight
• 12:32 — The two worst days of Josh’s life were…
• 16:29 — What was day one at Dwight Capital like?
• 20:18 — Behind the magic of Dwight Funding
• 21:56 — State of the market and areas of opportunity
• 27:52 — Anticipating rate cuts and state of the American economy
• 31:22 — Performance of multi-family and healthcare investments
• 31:56 — Emerging opportunities in the development space
• 34:43 — Geographic markets Josh is bullish on
• 36:37 — Is media coverage overly negative?
• 42:51 — Predictions for the next 18 months
• 46:04 — Conclusion 

We want to thank our sponsor Viking Capital. Tune in for insights, expert opinions, and a deep dive into the stories shaping commercial real estate today and tomorrow.