Onelife Investments Secures $16.67 Million HUD Loan For Senior Housing In Salem, OR

The transaction involved two senior housing facilities located at 1805 Waln Drive in Salem, OR, and 19360 Viking Avenue Northwest in Poulsbo, WA. The loan secured totals $27,280,000, distributed as $16.67 million for the facility in Salem, owned by Onelife Investments, and $10.61 million for the Poulsbo facility, owned by Northwest Care Senior Living. Both properties were financed through HUD Section 232/223(f) financing, enabling assistance for the operations of assisted living facilities.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $27,280,000
• Location: Salem, OR
• Owner: Onelife Investments
• Location: Poulsbo, WA
• Owner: Northwest Care Senior Living
• Brokers: Kevin Giusti, Daniel Barone, Tony Cassie & Sam Thompson - Walker & Dunlop

Walker & Dunlop played a key role in this transaction by securing the HUD loans for both facilities, with the financing strategies specifically tailored to support assisted living operations. The expertise of the brokerage team contributed to the successful arrangement of these loans under HUD guidelines.