January 17, 2020 Comments Off on Walker & Dunlop Provides Bridge Loan on Aurora Supportive Living Views: 1103 Chicago News, Greater Chicagoland

Walker & Dunlop Provides Bridge Loan on Aurora Supportive Living

Walker & Dunlop provided $11,028,500 in bridge financing for The Vistas Fox Valley, a 136-bed supportive living facility in Aurora, IL. The debt was structured and provided by Walker & Dunlop’s bridge lending program, utilizing the company’s own balance sheet to offer short-term, non-recourse loans for properties that are being acquired or repositioned as part of a new business strategy.

Walker & Dunlop managing director Joshua Rosen and the bridge lending team structured the financing to cover acquisition costs for the owner, Cascade Capital Group. Featuring flexible prepayment options, the loan includes a nine-month term with full-term interest only payments.

Located in the far western suburb of Aurora, The Vistas Fox Valley is reportedly one of the most advanced providers of post-hospital care in the Fox River Valley region. The property is well-positioned to convert to permanent financing through HUD in late 2020.

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