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Chicago & Midwest  + Midwest  + Senior Housing  | 
Walker & Dunlop Arranges $16M for Assisted Living Properties

Walker & Dunlop Arranges $16M for Assisted Living Properties

Walker & Dunlop has arranged HUD acquisition loans for two Caring Alternatives assisted living properties located in the greater Milwaukee area. Kevin Giusti and Daniel Barone led the Walker & Dunlop FHA finance team that secured the $16 million HUD acquisition loan on behalf of the sponsor, a well-versed developer, and the lender, the U.S. Department of Housing and Urban Development. 

The Caring Alternatives of Muskego is a 34-bed, 30-unit assisted living facility located at W182 S8320 Pioneer Drive, Muskego, Wisconsin. The deal closed for $7.2 million. The Caring Alternatives of Oak Creek is a 52-bed, 45-unit assisted living property located at 8841 and 8861 South 13th Street, Oak Creek, Wisconsin. The deal closed for $8.9 million.

“It was a pleasure working with our clients and the sellers to execute on the acquisition with optimal financing through HUD’s LEAN acquisition program,” said Kevin Giusti, Senior Managing Director of FHA Finance.


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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.