Bethesda, MD — Commercial real estate finance company Walker & Dunlop Inc. arranged $37 million in financing for three Midwest nursing and rehabilitation facilities through a US Department of Housing and Urban Development lending program.
Namely, the company has secured $14,895,100 in financing for Aurora, IL, nursing facility The Grove Fox Valley; $14,960,00 for Novi, MI-based WellBridge of Novi; and $7,377,600 for Kankakee, Illinois' Asbury of Kankakee.
The structurings were led by Walker & Dunlop senior managing director Joshua Rosen. His origination team used the HUD refinancing program LEAN 232/233(f), which provides long-term and reduced-rate financing for specialty health care facilities.
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Victoria Hudgins
I am a reporter for Legaltech News where I cover data privacy, cybersecurity and technology's impact on the business and practice of law.
