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Chicago & Midwest  + Greater Chicagoland  + Healthcare  |  July 13, 2020
Paul Bubny
By: Paul Bubny

W&D Arranges Financing on Senior Care Facilities in IL, KY

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

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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