Bethesda, MD — Commercial realestate finance company Walker & Dunlop Inc. arranged $37million in financing for three Midwest nursing and rehabilitationfacilities through a US Department of Housing and UrbanDevelopment lending program.
Namely, the companyhas 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 byWalker & Dunlop senior managing director Joshua Rosen. Hisorigination team used the HUD refinancing program LEAN 232/233(f),which provides long-term and reduced-rate financing for specialtyhealth 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.
