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1805 Waln Drive

Updated Dec 8, 2025

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

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

1805 Waln Drive & 19360 Viking Avenue Northwest

$27,280,000

Building Size

—

Asset Type

Senior Housing

Closing

Dec 5, 2025

About this deal

AI

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:

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.

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$27,280,000

Senior Housing

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Players

Kevin Giusti

Walker & Dunlop

Broker

$64.1M

vol

4 deals

Broker

Salem Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.58%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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