Walker & Dunlop Originates $65 Million in HUD Loans for Seven Skilled Nursing Communities
Walker & Dunlop’s Midwest FHA Finance team, led by
“We're pleased to announce the closure of loans on seven properties totaling 376 units, reflecting our brokers' dedication and proficiency in complex real estate transactions,” said
See below for transaction details:
Elevate Care Waukegan
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Location:
Waukegan, Illinois -
Amount:
$21,249,700 -
Walker & Dunlop arranged a 232/223(f) HUD loan to refinance existing commercial debt, partnership debt, and fund recent capital improvements for the 105-unit community. Elevate Care Waukegan is also located in a dedicated
Opportunity Zone .
Asbury of
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Location:
Kankakee, Illinois -
Amount:
$12,633,100 -
Walker & Dunlop arranged a 241(a)- NC addition HUD loan, which finances repairs for properties with an existing HUD loan. Walker & Dunlop arranged the original HUD loan in 2020, with the new construction loan covering a 56-unit addition. Asbury of
Kankakee is also located in a dedicatedOpportunity Zone .
Allure of
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Location:
Galesburg, Illinois -
Amount:
$10,880,000 - Walker & Dunlop arranged a 232/223(f) HUD loan that replaced its existing commercial bank bridge financing for the 47-unit, two-asset portfolio acquisition, marking the client’s first-time utilization of the HUD-insured program.
Allure of
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Location:
Moline, Illinois -
Amount:
$8,400,000 - Walker & Dunlop arranged a 232/223(f) HUD loan that replaced its existing commercial bank bridge financing for the 60-unit, two-asset portfolio acquisition, marking the client’s first-time utilization of the HUD-insured program.
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Location:
Sun Prairie, Wisconsin -
Amount:
$6,544,000 -
Walker & Dunlop arranged a 232/223(f) HUD loan that replaced commercial bank bridge financing for the 29-unit, two-asset portfolio acquisition.
Crossroads Care Center of Sun Prairie is also located in a dedicatedOpportunity Zone .
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Location:
St. Elmo, Illinois -
Amount:
$4,331,700 - Walker & Dunlop arranged a 232/223(f) HUD loan that replaced commercial debt and funded capital improvements for the 29-unit community.
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Location:
Fond Du Lac, Wisconsin -
Amount:
$1,692,500 - Walker & Dunlop arranged a 232/223(f) HUD loan that replaced commercial bank bridge financing for the 50-unit, two-asset portfolio acquisition.
Walker & Dunlop was recently ranked the #5 HUD lender based on both MAP (Multifamily Accelerated Processing) and LEAN volume for 2023 and the #2 HUD construction lender for 2023. In 2023 alone, the firm originated nearly
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240312552926/en/
Investors:
Investor Relations
Phone 301.202.3207
investorrelations@walkeranddunlop.com
Media:
VP, Public Relations
Phone 301.564.3291
info@walkeranddunlop.com
Source: