Sovereign Portfolio
Florida
Largest HUD Healthcare Portfolio Since 2005

Walker & Dunlop provided $162.2 million in HUD insured financing for a 16 property, 2,088 bed portfolio of skilled nursing facilities in Florida. Each loan was structured with an all-in rate of 4.95%, a 35-year term and a 35-year amortization utilizing HUD LEAN 232/223(f) loans. The loans were underwritten to an average of 81 percent loan-to-cost. This transaction was the largest HUD portfolio loan closed since 2005 and demonstrates the surging popularity of HUD financing, particularly for healthcare refinancing. Financing was arranged by Stephen J. Ervin.

Fairways at Jennings Mill
Athens, Georgia
$19.9MM HUD Refinancing Loan

Walker & Dunlop provided a $19,972,900 refinance loan for Fairways at Jennings Mill. The loan was structured with a 40-year term and a 40-year amortization. The borrower utilized HUD’s Section 223(a)(7)loan program to reduce the interest rate and increase the loan proceeds to cover all transaction costs associated with closing the loan. The increased NOI of the property coupled with the decreased debt service greatly increased the borrower’s cash flow. Walker & Dunlop closed the loan within 4 months of engagement. Financing was arranged by Stephen Farnsworth.

Hickory Falls Apartments
Villa Rica, Georgia
$7MM Foreclosure Acquisition Loan

Walker & Dunlop provided a $7,030,000 acquisition loan for Hickory Falls Apartments located in Villa Rica, Georgia. The loan was structured with a 35-year amortization utilizing HUD’s 223(f) program. Financing was arranged by (MOO) .

Everglades Apartments
Pell City, Alabama
$3.96MM FHA Refinance Loan

Walker & Dunlop provided a $3,960,000 refinance loan utilizing FHA financing and was able to secure a significantly lower interest rate utilizing HUD’s 223(f) program. The loan proceeds were used to pay off an existing conduit loan and enabled the borrower to fund needed repairs and capital improvements for the property. Financing was arranged by Will Baker.

Lakeway Regional Medical Center
Lakeway, Texas
Largest HUD 242 Loan for a For-Profit Borrower

Walker & Dunlop provided a $167 million loan for Lakeway Regional Medical Center located in Lakeway, Texas. This loan marks HUD’s first non-replacement hospital construction loan in the past 3.5 years and is the largest proprietary hospital HUD has insured. Financing was arranged by Jeffrey A. Jones.