Walker & Dunlop Structures $57.6M in HUD-Insured Loans for Three Skilled Nursing Facilities in Illinois

PARK RIDGE, BRIDGEVIEW and ELGIN, Ill. — Walker & Dunlop Inc. has structured $57.6 million in HUD-insured loans for the refinancing of three skilled nursing facilities in Illinois.

The first transaction consisted of a $15.6 million loan for Avantara Park Ridge, a 154-bed community in Park Ridge. Walker & Dunlop also arranged a $28.7 million loan for Moraine Court Supportive Living, a 185-bed community in Bridgeview, and a $13.3 million loan for Aperion Care Elgin, a 101-bed property in Elgin.

Joshua Rosen of Walker & Dunlop led the origination team. The borrower was undisclosed.