This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Walker & Dunlop Provides $415M In Financing For Healthcare Properties In 2012

BETHESDA, Md., March 20, 2013 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) announced today that in 2012, the Company provided $415,137,300 in financing for healthcare properties nationwide.

"Walker & Dunlop's financing platform for healthcare properties continues to grow. As one of the largest Agency and FHA lenders in the country, we have experience providing construction, bridge, equity and mezzanine financing for seniors, residential care and hospital projects nationwide," said Walker & Dunlop Senior Vice President & Head of FHA Healthcare Finance, Michael Vaughn. "The acquisition of CWCapital expanded our capabilities with Fannie Mae, Freddie Mac, and HUD, and we are continuing to develop proprietary capital to provide interim financing for healthcare properties located nationwide. Additionally, HUD recently released regulations for new hospital refinancing and we are currently working on opportunities to provide financing under that program. Our most recent transactions really exemplify the range of Walker & Dunlop's capabilities."

The following recent deals in NY, OR, CO, WI, HI, IL and TN demonstrate Walker & Dunlop's broad scope and varied experience in this specialty area of commercial real estate financing.

For Meadowbrook Care Center, a skilled nursing facility located in Nassau County, NY, Walker & Dunlop provided $22,340,000 under HUD's LEAN 232/223(a)(7) program. The loan was structured with a 22.42-year term with a 1.648 debt-service coverage ratio. Walker & Dunlop Senior Vice President, Ellen Kantrowitz led the team.

Financing for The Marquis at Tualatin , located in Tualatin, OR was structured under HUD's 232 New Construction program. The proposed property will offer 80 assisted living units, located on the second and third floors, and 42 skilled nursing units (30 private; 12 semiprivate) located on the first floor. Walker & Dunlop Senior Vice President, Tom Peters led the team that structured the $17,912,800 loan.

Walker & Dunlop Senior Vice President, Pat Dempsey led the team that arranged $10,654,000 in permanent construction financing for the Department of Veteran Affairs Outpatient Clinic, a planned 32,148 square foot medical office building located in Pueblo, CO. The facility will be 100 percent occupied by the Department of Veterans Affairs and is being designed to meet the criteria of Leadership in Energy & Environmental Design (LEED) Silver equivalency, a requirement under the General Services Administration's Solicitation for Offers.

The Company also arranged $30,000,000 in financing for Parkway Highlands and Ridgeview Highlands, two age-restricted properties located in Green Bay and Appleton, WI. Click here for more details. Walker & Dunlop Senior Vice President, Jim Cope led the team.

Located in Mililani, HI, Walker & Dunlop provided $28,500,000 in Fannie Mae financing for The Plaza at Mililani , a seniors housing community on the island of Oahu, which offers assisted living and memory care services. Click here for more details. Walker & Dunlop Loan Officer, Russell Dey led the team.

Walker & Dunlop Vice President, Carolyn McMullen, led the team that arranged $7,678,500 under HUD's 232/223(a)(7) program for Jackson Park , a supportive living facility located in Chicago, IL. The property was already in HUD's portfolio, which enabled Walker & Dunlop to lower the interest rate and the debt service payment. Additionally, Walker & Dunlop was able to obtain a term extension for the borrower, pushing the mortgage term out to its original term.

Creekside at Three Rivers, located in Murfreesboro, TN, was financed under HUD's 232/223 (a)(7) program with a 40-year non-recourse fixed rate $10,506,000 loan. The assisted living and memory care facility offers 81 beds in 74 units and amenities including a library, beauty shop and laundry services. Walker & Dunlop Vice President, David Strange and Vice President Keith Melton led the team.

About Walker & DunlopThrough its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: WD) is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS®, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States, securing capital from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Proprietary Capital group develops new financial products and provides institutional advisory, asset management, and investment management services with respect to debt, structured debt and equity, including interim financing. Walker & Dunlop, LLC has over 400 employees located in 21 offices nationwide. More information about the Company can be found at

SOURCE Walker & Dunlop, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs