Legacy House of Bountiful
Bountiful, Utah
$10M Seniors Housing Refi

Walker & Dunlop provided a $9,933,000 refinance loan for The Legacy House of Bountiful located in Bountiful, Utah. The loan is structured with a 10 year term and 30 year amortization.The loan was underwritten to a 70 percent loan-to-value, and Walker & Dunlop’s access to the MBS market helped to secure a below-market interest rate. This financing enabled the borrower to pay off the existing construction debt on the property in excess of the outstanding unpaid principal balance. Financing was arranged by Brendan Coleman.

Sunrise of Willowbrook
Willowbrook, Illinois
$21.9MM, Healthcare Financing

Financing was arranged by Howard Smith.

Benchmark Assisted Living Facility Portfolio
Massachusetts
Portfolio of 3 Seniors Housing Facilities

Financing was arranged by Howard Smith.

Moab Regional Hospital
Moab, Utah
$29.9MM, Construction Loan

The new construction of this 17-bed hospital will replace the current facility which was built in 1957 and designed for inpatient care. It cannot support the hospital’s current volume of outpatient activity and no longer meets Utah hospital construction licensing standards. By insuring the mortgage loan, FHA is enabling Moab Valley Healthcare to obtain lower cost financing, saving the hospital an estimated $9.6 million in interest expense over the life of the loan. Financing was arranged by Jeff Burns and Verne L. Murray III.

CSCV - Arkansas Portfolio
Arkansas
$61MM, Portfolio Acquisition Loan

Walker & Dunlop provided $61,021,300 in HUD insured financing for a portfolio of nursing homes in Arkansas. The 12 property, 1,255 bed portfolio was purchased by CSCV – Arkansas. Each loan was structured with a 35-year term and a 35-year amortization utilizing HUD LEAN 232/223(f) loans. The loans were underwritten to an 85 percent loan-to-cost. This deal marks the first portfolio closed through the LEAN process and demonstrates the growing acceptability of FHA financing in the healthcare industry. Financing was arranged by Stephen J. Ervin.