Walker & Dunlop Arranges HUD Acquisition Financing for Two Communities in Metro Milwaukee

by Jeff Shaw

MUSKEGO and OAK CREEK, Wis. — Walker & Dunlop has arranged HUD acquisition loans for a portfolio of two seniors housing communities in the suburbs of Milwaukee.

Kevin Giusti and Daniel Barone led the finance team that secured the $16 million HUD acquisition loan on behalf of the borrower, a well-versed developer, and the lender, the U.S. Department of Housing and Urban Development. 

The first community is Caring Alternatives of Muskego, a 34-bed/30-unit assisted living facility in Muskego. Walker & Dunlop arranged a $7.2 million loan for the transaction.

The second community is Caring Alternatives of Oak Creek, a 52-bed/45-unit assisted living property in Oak Creek. Walker & Dunlop arranged an $8.9 million for the transaction.

You may also like