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Walker & Dunlop Structures Financing for Three Chicago-Area SNFs
Walker & Dunlop, Inc. structured $57.2 million in financing for three skilled nursing facilities (SNFs) in Chicagoland. Senior managing director Joshua Rosen led the origination team, which utilized HUD’s LEAN 232/223(f) for the refinance of two properties and the 232/223(a)(7) program for the other.
Both programs provide long-term financing for skilled healthcare facilities. The deals reaffirm the post pandemic upward momentum in the seniors housing market, said Walker & Dunlop.
The collection of properties includes the following:
- Walker & Dunlop structured a $15.6-million loan for Avantara Park Ridge, a 154-bed SNF in Park Ridge, IL.
- Walker & Dunlop secured a $28.7-million loan through HUD’s LEAN refinance program for Moraine Court Supportive Living, a 185-bed supportive living facility in Bridgeview, IL.
- Walker & Dunlop secured a $13.3-million loan through HUD’s LEAN refinance program for Aperion Care Elgin, a 101-bed SNF in Elgin, IL.
- ◦Financing
