Walker & Dunlop has secured two HUD loans totaling $27.2M for assisted living facilities in Oregon & Washington.
Walker & Dunlop’s Capital Markets team, led by Kevin Giusti, Daniel Barone, Tony Cassie and Sam Thompson, arranged the refinance utilizing HUD Section 232/223(f) loans.
The properties include Battle Creek, a residential community that supports individuals with memory loss, located at 1805 Waln Dr. SE in Salem, Oregon. Walker & Dunlop arranged a fixed-rate loan for $16.67 million for the client, Onelife Investments.
The transaction also includes Liberty Shores Senior Living, an independent living, assisted living, and memory care services property located at 19360 Viking Avenue NW in Poulsbo, Washington. Walker & Dunlop arranged a $10.61 million loan, with proceeds used to refinance existing debt, reimburse the client for prior capital expenditures, and provide millions for property improvements. The client was Northwest Care Senior Living.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California