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Chicago & Midwest  + Downtown  + Healthcare  | 

Walker & Dunlop Structures $127M for SNFs in Midwest, Northeast

Walker & Dunlop structured $126,646,733 in financing for seven skilled nursing facilities located in the Midwest and Northeast. Senior managing director Jonathan Rosen, based in Walker & Dunlop’s downtown Chicago office, led the origination team.

The properties included the following:

• Baypointe Rehabilitation and Skilled Care Center – Brockton, MA
• Eastpointe Rehabilitation and Skilled Care Center – Chelsea, MA
• Elevate Care Chicago North – Rogers Park on Chicago’s North Side
• Elevate Care Niles – Niles, IL
• Elevate Care Northbrook – Northbrook, IL
• Southpointe Rehabilitation and Skilled Care Center – Fall River, MA
• Wellbridge of Romeo – Romeo, MI

Leveraging their knowledge of the financing products, Walker & Dunlop’s team utilized the LEAN 232/233(f) program for the refinance of four of these properties and used the 232 loan modification program for the three remaining properties.

The team locked attractive fixed rates and a declining prepayment schedule, and each loan included terms ranging from 30 to 34 years. 

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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).