July 13, 2020
Walker & Dunlop recently structured $10,744,000 in financing for Landmark of Laurel Creek, a 106-bed skilled nursing facility in Manchester, KY, and $14,645,900 in financing for The Vistas Fox Valley, a 136-bed supportive living facility in Aurora, IL.
Senior managing director Joshua Rosen led Walker & Dunlop’s origination team. They utilized HUD’s Lean 232/233(f) refinance program, which provides long-term and reduced-rate financing for specialty healthcare facilities.
The permanent financing for The Vistas Fox Valley will replace the existing debt previously provided by Walker & Dunlop’s bridge lending program, which utilizes 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.
For comments, questions or concerns, please contact Paul Bubny