Chicago & Midwest + Midwest + Finance | December 15, 2022

Walker & Dunlop Arranges HUD Refis for Senior Living in Nebraska, Wisconsin

Walker & Dunlop recently arranged refinancing for Reena Senior Living in Fort Atkinson, WI; Fallbrook Assisted Living and Memory Care in Lincoln, NE; and Oxbow Living Center in Ashland, NE. Totaling $35,609,400, the transactions included the following:

For Reena Senior Living, Walker & Dunlop’s Kevin Giusti, Matthew Lund and team provided the refinancing on behalf of the client, Tukka Properties, and the lender, the U.S. Department of Housing and Urban Development, for $14,687,400.
On the $13,317,400 Fallbrook deal, Giusti, Mikko Erkamaa and team financed this deal on behalf of MJ Senior Living and HUD.
On the $7,604,600 Oxbow transaction, Giusti, Erkamaa and team again represented MJ Senior Living and HUD.

“Like every other senior housing provider in the country, MJ Senior Housing was dealing with elevated staffing expenses and other operating expense increases, and they were able to manage these operating difficulties while still doing multiple HUD refinances,” said Giusti.

Connect

Inside The Story

Walker & Dunlop's Giusti

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).