Federal Housing Administration commissioner Carol Galante sent a letter on Monday to Department of Housing and Urban Development (HUD) lenders telling them to expect sequester-related delays in healthcare and multifamily lending. “At this time, the Department of Housing and Urban Development is taking every step to mitigate the effects of these cuts, but based on […]
Walker & Dunlop
The Federal Housing Administration might be needing a financial lifeline from the Treasury, according to Bloomberg, but lenders in the senior housing and care space aren’t expecting another hike in loan insurance premiums for FHA-insured programs. Continued losses stemming from the housing market collapse are hitting the FHA hard. Ahead of a financial analysis expected […]
Walker & Dunlop Secures $381.8 Million Refinance for REIT SNF Portfolio Walker & Dunlop recently secured a $381.8 million refinance for healthcare REIT Extendicare Health Services’s 51-property portfolio of skilled nursing facilities, reports Globe St. The deal was complex due to its structure as separately obtaining refinancing each property using the Department of Housing and […]
The Department of Housing and Urban Development (HUD) processed nearly $5.5 billion of senior housing loans in 2012 through its Section 232 LEAN program, with volume skyrocketing more than 66% above last year’s $3.3 billion record. HUD’s LEAN program became the largest single source of debt capital to the senior housing industry with 706 loans […]
This past week, HCP (NYSE:HCP) was the latest healthcare real estate investment trust to make a mammoth move in the senior housing space with the $1.73 billion acquisition of a 133-property portfolio owned by an Emeritus Corp. (NYSE:ESC) and Blackstone Group joint venture. By all accounts, it seems like it was a good deal for […]
Walker & Dunlop Closes $28.5 Million Loan for Hawaii Senior Housing Community Walker & Dunlop, LLC recently provided $28.5 million in Fannie Mae financing for The Plaza at Mililani, a senior housing community in Mililani, Hawaii. The loan was to refinance the 72-unit, 128-bed property and was structured with a 10-year term and a 30-year […]
It’s been one hot summer for temperatures across the country. The mercury on the senior housing and senior living market keeps rising as can be seen in this installment of Movers & Shakers and the latest news from SHN. Got scorching hot talent joining your team? Send us those staffing announcements at [email protected]. If you don’t […]
Walker & Dunlop, Inc. (NYSE:WD), a leading provider of commercial real estate financial services in the U.S. and LEAN-approved FHA Lender, announced on Dec. 1 that it opened an office in Nashville, Tenn., and hired David T. Strange as vice president of FHA Finance. Strange will run the Nashville office with support from several analysts […]
Subscribe
Receive industry updates and breaking news from SHN