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Walker & Dunlop Facilitates $65.7M HUD Loans For Nursing Homes In Illinois And Wisconsin

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FINANCED
$65,731,000

Illinois

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Nursing Home
Financed 03/12/2024
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Property Image
FINANCED

Walker & Dunlop Facilitates $65.7M HUD Loans For Nursing Homes In Illinois And Wisconsin

Nursing Home
Financed 03/12/2024
Contact now

Summary

Asset Type:Nursing Home
Transaction Type:Loan

Portfolio consisting of seven skilled nursing facilities and memory care centers in Illinois and Wisconsin, received a total HUD loan amounting to $65.7 million. The properties are located in Waukegan, Kankakee, Galesburg, Moline, and St. Elmo, Illinois, as well as in Sun Prairie and Fond Du Lac, Wisconsin.

Summary of transation details:

Walker & Dunlop, Inc. facilitated the HUD loans for the seven healthcare real estate properties, showcasing the expertise of Joshua Rosen, Brad Annis, and Johnny Rice from the Midwest FHA Finance team in handling complex real estate transactions. Their dedication to delivering value to clients in healthcare real estate is highlighted through this successful loan arrangement.

Players

Brad Annis
3 deals$139.9M volume
BROKER

Joshua Rosen
Walker & Dunlop
4 deals$192.2M volume(312) 658-0255
BROKER

Johnny Rice
Walker & Dunlop
1 deal$65.7M volume
BROKER

Details

FINANCED
IMAGE: Johnny Rice, Joshua Rosen & Brad Annis DATE: 03/12/2024 ADDRESS: Portfolio MARKET: Waukegan, Kankakee, Galesburg, Moline & St. Elmo, Illinois; Sun Prairie & Fond Du Lac, Wisconsin ASSET TYPE: Nursing Home ~ UNITS: 376 BROKERS: Brad Annis, Johnny Rice & Joshua Rosen - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $65,731,000 LOAN TYPE: Refinance NOTE: Walker & Dunlop, Inc. facilitated $65.7 million in HUD loans for seven skilled nursing facilities and memory care centers in Illinois and Wisconsin, led by their Midwest FHA Finance team. The loans, arranged by Joshua Rosen, Brad Annis, and Johnny Rice, highlight their expertise in complex real estate transactions and commitment to delivering value to clients in healthcare real estate.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$65,731,000.00

Monthly NOI$438,206.67
Monthly Debt Service$415,464.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00