Updated Dec 4, 2024
Walker & Dunlop Facilitates $65.7M HUD Loans For Nursing Homes In Illinois And Wisconsin
$65,731,000
Building Size
—
Asset Type
Nursing Home
Closing
Mar 12, 2024
About this deal
AI
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:
- Property Type: Nursing Home
- Transaction Amount: $65,731,000
- Units: 376
- Brokers: Brad Annis, Johnny Rice & Joshua Rosen - Walker & Dunlop
- Loan Type: Refinance
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
Market Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93