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Phoenix & Southwest  + Southwest  + Senior Housing  | 

Walker & Dunlop Delivers $52M in Financing for Colorado Sr. Housing Portfolio

Walker & Dunlop, Inc. structured $52,035,000 in financing for three Class A senior housing properties totaling 196 units in Colorado Springs and Centennial, CO. The properties, MorningStar at Jordan (pictured), MorningStar at Mountain Shadows, and MorningStar at Bear Creek, are owned in a partnership between Morningstar Senior Living and an alternative investment fund manager based in the Middle East.

The deal, which closed in 40 days, required Walker & Dunlop to apply a deep understanding of Fannie Mae financing. That helped ensure the lending documents were consistent and compliant with Shari’ah law, which has implications on the payment and receipt of interest.

Walker & Dunlop’s team was led by Stuart Wernick, along with Jeff Ringwald and Bill Jackson, who specialize in senior housing properties. Each of the three assets was refinanced with a 10-year, fixed-rate loan that included interest-only for a portion of the term.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing