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W&D Structures $38M Financing on Chicago-Area SNFs
Walker & Dunlop, Inc. structured $38,413,600 in financing for four skilled nursing properties in Illinois, all within 50 miles of Chicago. The collection of properties includes Aperion Care Plum Grove, a 69-bed facility in Palatine; Pavilion of Waukegan, a 112-bed facility in Waukegan; Park View Rehab Center, a 112-bed facility in Chicago; and River View Rehab Center, a 203-bed facility in Elgin.
Joshua Rosen, senior managing director at Walker & Dunlop, led the origination team. They utilized the LEAN 232/233(f) program for the refinance of three properties and used the 223(a)7 program for the remaining property, Pavilion of Waukegan. Both programs provide long-term and reduced-rate financing for specialty healthcare facilities.
“Despite these challenging times, we continue to successfully execute on transactions,” said Rosen. “This allows our clients to expand or improve their senior housing and skilled nursing portfolios, which are critical to keeping vulnerable populations safe in the current environment.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
