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Walker & Dunlop Secure $16M HUD Loan For Caring Alternatives Senior Housing Acquisition
FINANCED
$16,000,000
Wisconsin
See Similar DealsSenior Housing
Financed 08/17/2023
FINANCED
Walker & Dunlop Secure $16M HUD Loan For Caring Alternatives Senior Housing Acquisition
W182 S8320 Pioneer Drive Muskego, Wisconsin 53150, Usa
See Similar DealsSenior Housing
Financed 08/17/2023
Summary
WISCONSIN
Asset Type:Senior Housing
Transaction Type:Loan
The U.S. Department of Housing & Urban Development has provided a loan of $16,000,000 for the acquisition of two senior housing properties in Muskego, WI. The properties are owned by Caring Alternatives and are located at W182 S8320 Pioneer Drive. This loan transaction took place on August 17, 2023.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $16,000,000
- Lender: U.S. Department of Housing & Urban Development
- Brokers: Daniel Barone & Kevin Giusti - Walker & Dunlop
Walker & Dunlop, represented by Daniel Barone and Kevin Giusti, successfully secured the $16 million HUD acquisition loan for these two Caring Alternatives assisted living properties in the greater Milwaukee area.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,000,000.00
Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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