Walker & Dunlop Originates $670M in Senior Housing Loans
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Walker & Dunlop just closed on the largest deal in its 77-year history, originating $670M in senior housing loans, secured by a portfolio of 52 properties owned by the New Senior Investment Group. Chairman and CEO Willy Walker says the company plans to increase its presence in the senior housing market as the country's demographics continue to change. The seven-year adjustable rate mortgage loans were structured under the Freddie Mac seller/servicer program, and the deal closed in 41 days. The portfolio includes memory care, independent living and assisted living facilities in 19 states, including Florida, North Carolina, New Hampshire and Utah.