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As Residents Age, Senior Housing Continues to Influence Lending

LUBBOCK, TX—Senior living properties were recently positioned for HUD take-out financing, and resulted in the payoff of three loans and the consolidation of financing into two loans, one for each property, with the third owned outright.

Crown Point Health Suites Crown Point Health Suites is a class-A facility built in 2011.

LUBBOCK, TX—Reflecting the continued focus on healthcare amid the aging population, Walker & Dunlop Inc. recently provided $46.87 million in financing for specialized healthcare facilities in the south. The loans serviced skilled nursing facility Crown Point Health Suites, continuing care retirement community Regency Retirement Village of Huntsville and assisted living facility Regency Riverwood Senior Living. The properties are located in Texas, Alabama and Georgia, respectively.

Walker & Dunlop’s Kevin Giusti and Michael Vaughn led the origination team, which has extensive experience with senior housing and skilled nursing facilities throughout the country.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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