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
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 […]
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