Walker & Dunlop Arranges $68.2M Construction Loan for Community in Florida

by Jeff Shaw

LAKE WORTH, Fla. — Walker & Dunlop Inc. (NYSE: WD) has arranged a $68.2 million loan for the construction of Atria Villages of Windsor, a luxury independent living, assisted living and memory care community to be built in the Palm Beach County town of Lake Worth.

Big Rock Partners, the borrower, is developing the community on a 22.5-acre site. When completed, the property will comprise 186 independent living units, 78 assisted living units and 54 memory care units.

Big Rock, an investment firm with offices in Beverly Hills, Calif., and Delray Beach, Fla., plans to open the community in 2017.

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