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Chicago & Midwest  + Greater Chicagoland  + Finance  | 
Moraine Court Supportive Living is a 185-bed supportive living facility in Bridgeview, IL

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. 

Inside The Story

Walker & Dunlop's Rosen

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 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).

  • ◦Financing