Bethesda, Maryland – January 7, 2016
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that it recently closed a $1.27 billion refinancing for Holiday Retirement, the second largest operator of senior housing in the United States, managing over 300 properties throughout the country. The transaction is the largest that Walker & Dunlop has closed in its history and is almost double the size of the Company’s second largest financing, a $670 million financing that closed earlier in 2015.
The 7-year, Freddie Mac, adjustable rate loans are secured by a 78-property portfolio of independent living facilities located in 30 states across the country. Vice Presidents Russell Dey and Laura Beaton led the Walker & Dunlop team that structured and closed the transaction in 47 days.
Willy Walker, Chairman and CEO of Walker & Dunlop, commented, “Closing a transaction of this size in such a short time period required exceptional teamwork by Walker & Dunlop, Holiday Retirement, and Freddie Mac. This portfolio is by far the largest financing Walker & Dunlop has ever completed, yet our team provided the same certainty of execution and processing speed as we do on much smaller transactions. This is the second ’mega’ financing Walker & Dunlop completed in 2015, and it is a testament to the brand and expertise that we have built at W&D that we have been given these types of financing opportunities. In 2015, we completed $2.8 billion of senior housing financing, and we are focused on continuing to expand our presence within this growing market.”
About Walker & Dunlop
Walker & DunlopWalker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 600 professionals in 28 offices across the nation with an unyielding commitment to client satisfaction.