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Chicago & Midwest  + Illinois  + Healthcare  |  September 9, 2025
Jasmine Kilman
By: Jasmine Kilman

Walker & Dunlop Originates $68M in Loans for Nursing Facilities in Illinois, Wisconsin

Walker & Dunlop has originated $68,312,000 in HUD 232/223(f) loans to refinance seven skilled nursing facilities located in Illinois and Wisconsin.

Walker & Dunlop’s FHA Finance arranged the refinancings, led by Joshua Rosen, Brad Annis, and Johnny Rice. Utilizing the HUD-insured 232/223(f) financing program, with its long-term, fixed-rate, and non-recourse structure.

“With the senior population continuing to grow and new supply remaining constrained, demand for high-quality skilled nursing facilities is stronger than ever,” said Rosen, senior managing director of FHA Finance at Walker & Dunlop. “We’re proud to help our client secure long-term, fixed-rate HUD financing on six properties totaling 380 units, reflecting both the strength of the market and our team’s expertise in complex healthcare real estate transactions.”

The strength of the Seniors Housing and Skilled Nursing segment is supported by accelerating demand from an aging population and a constrained construction pipeline that has kept new supply muted since 2021.

Read More News Stories About: Walker & Dunlop
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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.
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