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Walker & Dunlop Secures Financing on Six SNFs Across Illinois
Walker & Dunlop, Inc. arranged $43,242,500 in financing for six skilled nursing facilities located across Illinois: Aperion Care Bridgeport, Aperion Care Burbank, Aperion Care Dekalb, Aperion Care Litchfield, Aperion Care Wilmington, and Rock River Health Care.
The firm’s Joshua Rosen and Brad Annis leveraged their knowledge of HUD programs to refinance the existing loans from the Federal Housing Administration (FHA) for each property.
The team structured the financing for all five Aperion Care facilities under Section 232/223(a)7, and the debt for Rock River Health Care was arranged using Section 232/223(f). For Aperion Care Dekalb, the team assisted the client in facilitating a transfer of physical assets.
“Walker & Dunlop was happy to secure over $43 million in HUD-insured proceeds for our clients, helping these vital skilled nursing facilities – totaling 640 beds across 277 units – continue operations throughout the pandemic,” said Rosen.
- ◦Financing
