Walker & Dunlop Arranges $30.9M Refinancing Deal For Clark Manor Nursing Home In Chicago

Walker & Dunlop has arranged a $30.9 million refinancing deal for Clark Manor, a nursing home and senior care facility located at 7433 North Clark Street in Chicago. The property has a total of 267 beds, catering to the healthcare needs of the elderly population in the area. The loan amount secured for the refinancing transaction is significant and will provide the necessary funds to continue offering quality care and services to the residents of Clark Manor.

Summary of transaction details

• Property Type: Nursing Home
• Transaction Amount: $30,900,000
• Address: 7433 North Clark Street, Chicago
• Market: Chicago
• Beds: 267

The refinancing deal for Clark Manor was facilitated by Joshua Rosen and Brad Annis, brokers from Walker & Dunlop. They worked closely with the origination team to secure the loan, utilizing HUD-insured financing to refinance the existing commercial debt. This strategic approach allows for better financial stability and flexibility for Clark Manor, ensuring the continued provision of top-notch care for the aging population in the Chicago area.