Walker & Dunlop announced that it has structured $57.2 million in HUD financing for three skilled nursing facilities in Illinois. The three facilities were Avantara Park Ridge in Park Ridge, Moraine Court Supportive Living in Bridgeview, and Aperion Care Elgin in Elgin. The 154-bed Avantara Park Ridge received a $15.6 million loan, and Moraine Court, with 185 supportive living beds, received the largest loan totaling $28.7 million. Lastly, the 101-bed Aperion Care secured a $13.3 million loan.
Josh Rosen of Walker & Dunlop led the transactions which utilized the LEAN 232/223(f) for the refinance of two properties and the 232/223(a)(7) program for the other. But the borrower was not disclosed.
