Walker & Dunlop Structures $46.7M HUD Financing for Two Communities in Texas, Alabama

LUBBOCK, Texas, and HUNTSVILLE, Ala. — Walker & Dunlop has structured $13.1 million in financing for Crown Point Health Suites, a skilled nursing facility in Lubbock, and $33.6 million in financing for Regency Retirement Village of Huntsville, a continuing care retirement community (CCRC) in Huntsville.

Built in 2011, Crown Point Health Suites is a 96-unit, Class A+ facility in West Texas. Regency Retirement Village of Huntsville is a 312-unit CCRC built in 1980, with a skilled nursing expansion completed in 2016.

The two transactions were both refinancings through HUD’s 232/233(f) program. The permanent financing will replace the existing debt previously provided by Walker & Dunlop’s bridge lending program.

Kevin Giusti led the Walker & Dunlop origination team.