January 17, 2020
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.
Connect Industrial Midwest is coming to Rosemont, IL on March 4. For more information, or to register, click here.
For comments, questions or concerns, please contact Paul Bubny