New Content Updates
Educational Webcast Alerts
Building Products/Technology Notices
Access Exclusive Member Content
<< Back to Facilities Management Press Releases Home
<< Facilities Management
BETHESDA, Md. -- Walker & Dunlop, Inc. (NYSE: WD) has announced that in 2012, the Company provided $415,137,300 in financing for healthcare properties nationwide."Walker & Dunlop's financing platform for healthcare properties continues to grow. As one of the largest Agency and FHA lenders in the country, we have experience providing construction, bridge, equity and mezzanine financing for seniors, residential care and hospital projects nationwide," said Walker & Dunlop Senior Vice President & Head of FHA Healthcare Finance, Michael Vaughn. "The acquisition of CWCapital expanded our capabilities with Fannie Mae, Freddie Mac, and HUD, and we are continuing to develop proprietary capital to provide interim financing for healthcare properties located nationwide. Additionally, HUD recently released regulations for new hospital refinancing and we are currently working on opportunities to provide financing under that program. Our most recent transactions really exemplify the range of Walker & Dunlop's capabilities."The following recent deals in NY, OR, CO, WI, HI, IL and TN demonstrate Walker & Dunlop's broad scope and varied experience in this specialty area of commercial real estate financing.For Meadowbrook Care Center, a skilled nursing facility located in Nassau County, NY, Walker & Dunlop provided $22,340,000 under HUD's LEAN 232/223(a)(7) program. The loan was structured with a 22.42-year term with a 1.648 debt-service coverage ratio. Walker & Dunlop Senior Vice President, Ellen Kantrowitz led the team.Financing for The Marquis at Tualatin, located in Tualatin, OR was structured under HUD's 232 New Construction program. The proposed property will offer 80 assisted living units, located on the second and third floors, and 42 skilled nursing units (30 private; 12 semiprivate) located on the first floor. Walker & Dunlop Senior Vice President, Tom Peters led the team that structured the $17,912,800 loan.Walker & Dunlop Senior Vice President, Pat Dempsey led the team that arranged $10,654,000 in permanent construction financing for the Department of Veteran Affairs Outpatient Clinic, a planned 32,148 square foot medical office building located in Pueblo, CO. The facility will be 100 percent occupied by the Department of Veterans Affairs and is being designed to meet the criteria of Leadership in Energy & Environmental Design (LEED) Silver equivalency, a requirement under the General Services Administration's Solicitation for Offers.The Company also arranged $30,000,000 in financing for Parkway Highlands and Ridgeview Highlands, two age-restricted properties located in Green Bay and Appleton, WI. Click here for more details. Walker & Dunlop Senior Vice President, Jim Cope led the team.Located in Mililani, HI, Walker & Dunlop provided $28,500,000 in Fannie Mae financing for The Plaza at Mililani, a seniors housing community on the island of Oahu, which offers assisted living and memory care services. Click here for more details. Walker & Dunlop Loan Officer, Russell Dey led the team.Walker & Dunlop Vice President, Carolyn McMullen, led the team that arranged $7,678,500 under HUD's 232/223(a)(7) program for Jackson Park, a supportive living facility located in Chicago, IL. The property was already in HUD's portfolio, which enabled Walker & Dunlop to lower the interest rate and the debt service payment. Additionally, Walker & Dunlop was able to obtain a term extension for the borrower, pushing the mortgage term out to its original term.Creekside at Three Rivers, located in Murfreesboro, TN, was financed under HUD's 232/223 (a)(7) program with a 40-year non-recourse fixed rate $10,506,000 loan. The assisted living and memory care facility offers 81 beds in 74 units and amenities including a library, beauty shop and laundry services. Walker & Dunlop Vice President, David Strange and Vice President Keith Melton led the team.About Walker & DunlopThrough its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: WD) is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS®, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States, securing capital from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Proprietary Capital group develops new financial products and provides institutional advisory, asset management, and investment management services with respect to debt, structured debt and equity, including interim financing. Walker & Dunlop, LLC has over 400 employees located in 21 offices nationwide. More information about the Company can be found at www.walkerdunlop.com.