W&D Refis $1.27B Senior Housing Portfolio
ByOutstanding speaker lineup! Hear from the experts at RealShare Industrial West. The Westin Long Beach, January 19-20.
BETHESDA, MD—Walker & Dunlop closed on its largest financial transaction to date: the $1.27 billion refinancing of a senior housing portfolio for Lake Oswego, Ore.-based Holiday Retirement, the second largest senior housing operator in the US. The transaction, in fact, is close to double the largest deal Walker & Dunlop did prior to this deal — a $670 million acquisition and refinancing, coincidentally enough, of another senior housing portfolio.
Walker & Dunlop structured the transaction with seven-year Freddie Mac adjustable rate loans secured by a 78-property portfolio of independent living facilities located in 30 states across the country. The deal was structured and closed in 47 days…
