The Walker & Dunlop team of Kevin Giusti, Michael Davis and Jeff Ringwald ran the agency gamut this month, closing one Freddie Mac, one Fannie Mae and one HUD loan, all totaling $42.6 million. W&D started with a $13.5 million refinance closed through Freddie Mac for a brand-new, 52-unit memory care community in Springfield, Oregon. The borrower, Onelife Investments was able to recapitalize 100% of its equity and obtained a 15-year loan with a fixed rate.
Next, another recently-built senior living community refinanced with Fannie Mae, thanks to the Walker & Dunlop team. Operated by Avista Senior Living, the 108-unit assisted living community opened in 2017 within a larger active adult community and adjacent to an existing 48-unit memory care community. The owner, Ahlstrom Investments, received a $25.8 million loan with a 10-year term and fixed interest rate, recapitalizing its equity at the same time.
Finally, Walker & Dunlop refinanced an assisted living community in Maurertown, Virginia with a $3.3 million HUD loan. The borrower repaid existing bank debt and was reimbursed for over $1.0 million in capital improvements made to the property.
