BETHESDA, Md., Aug. 19, 2015 /PRNewswire/ -- Walker &
Dunlop, Inc. (NYSE: WD) (the "Company") announced today it
originated 28 loans totaling $464,680,000, secured by a portfolio of
28 independent living properties acquired by New Senior
Investment Group, Inc. (the "Sponsor").
Vice Presidents Russell Dey and Laura Beaton led the Walker
& Dunlop team that closed the portfolio. The properties
are located in 21 states with the highest concentration in
California, Florida, North
Carolina, and Oregon. The loans were structured as
10-year fixed rate CME loans with five years interest-only,
followed by a 30 year amortization schedule, utilizing the Freddie
Mac Seller/Servicer Program. The properties were sold to the
Sponsor by affiliates of Holiday Retirement, the 2nd
largest operator of seniors housing in the United States, who will continue to manage
the properties post acquisition. The Walker & Dunlop team
previously closed a 52-property portfolio for the Sponsor in April
2015.
Chairman and CEO of Walker & Dunlop, Willy Walker, commented, "Walker & Dunlop
established a strategy to grow our seniors housing lending business
dramatically in 2015, and with this financing, we have done over
$1.2 billion of seniors financing
this year. This is the second major financing we have done
for New Senior this year, reflective of the great partnership we
have created with one of the fastest growing seniors housing owners
in the industry."
New Senior Investment Group (NYSE: SNR) is one of the largest
publicly-traded owners of senior housing properties, with a
portfolio of 152 properties including independent living and
assisted living/memory care, located throughout the country.
About Walker & Dunlop
Walker & Dunlop (NYSE:
WD), headquartered in Bethesda,
Maryland, is one of the largest commercial real estate
finance companies in the United
States providing financing and investment sales to
owners of multifamily and commercial properties. Walker &
Dunlop, which is included in the S&P SmallCap 600 Index, has
almost 500 professionals in 24 offices across the nation with an
unyielding commitment to client satisfaction.
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SOURCE Walker & Dunlop, Inc.