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Chicago & Midwest  + Greater Chicagoland  + Senior Housing  | 

Walker & Dunlop Provides Bridge Loan on Aurora Supportive Living

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.

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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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