Walker & Dunlop Provides $42.6M in Financing for 240-Unit Portfolio

  • Feb. 15, 2019
  • Seniors Housing Business

Walker & Dunlop Inc. has provided $42.5 million in financing for a three-property, 240-unit assisted living and memory care portfolio. The first property was Rawlin at Riverbend, a dedicated memory care facility in Springfield. Walker & Dunlop arranged a $13.5 million refinancing through Freddie Mac. After a short period of stabilization, the Freddie Mac loan enabled the sponsor, Onelife Investments, to recapitalize 100 percent of its equity while receiving a 15-year, fixed-rate loan.

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