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Walker & Dunlop Helps DC Senior Development Secure $300M in Construction Financing
Walker & Dunlop, Inc., has provided strategic advising resulting in $300 million in construction financing for The Mather, a life plan community in Tysons, VA. The transit-oriented project will comprise two buildings with 300 independent living apartment homes, 16 assisted living apartments, 20 memory support suites, and 42 private nursing suites.
Walker & Dunlop’s Jonathan Schwartz, Aaron Appel, Ari Hirt, Sean Bastian and Taylor Geiger served as strategic advisors for Tysons LPC, LLC, a 50/50 equity partnership between Mather and Westminster Capital. The complex capital stack included the syndicated transaction led by The Huntington National Bank.
“Despite some uncertainty surrounding the senior housing market during the COVID-19 pandemic, The Mather has experienced exceptional pre-sales velocity and is well ahead of projections,” said Schwartz.
The Mather is 15 miles from the Nation’s Capital and half a mile from the Tysons Corner Metro Station and the Tysons Galleria Shopping Mall.
- ◦Development
- ◦Financing
