{"id":1004134523,"date":"2016-01-11T08:31:45","date_gmt":"2016-01-11T16:31:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004134523"},"modified":"2020-05-18T12:03:40","modified_gmt":"2020-05-18T20:03:40","slug":"walker-dunlop-closes-1-3b-seniors-housing-financing-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-closes-1-3b-seniors-housing-financing-deal\/","title":{"rendered":"Walker &#038; Dunlop Closes $1.3B Seniors Housing Financing Deal"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Willy-Walker-Walker-Dunlop-Chairman-and-CEO.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004134526\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-closes-1-3b-seniors-housing-financing-deal\/willy-walker-walker-dunlop-chairman-and-ceo-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Willy-Walker-Walker-Dunlop-Chairman-and-CEO-e1465464953564.jpg\" data-orig-size=\"580,576\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;4&quot;,&quot;credit&quot;:&quot;FREED PHOTOGRAPHY&quot;,&quot;camera&quot;:&quot;NIKON D3S&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1348503551&quot;,&quot;copyright&quot;:&quot;FREED PHOTOGRAPHY&quot;,&quot;focal_length&quot;:&quot;66&quot;,&quot;iso&quot;:&quot;3200&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Willy Walker, Walker &#038; Dunlop Chairman and CEO\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Willy Walker, Walker &#038; Dunlop Chairman and CEO&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Willy-Walker-Walker-Dunlop-Chairman-and-CEO-e1465464953564.jpg?w=580\" class=\"alignright size-medium wp-image-1004134526\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Willy-Walker-Walker-Dunlop-Chairman-and-CEO.jpg\" alt=\"Willy Walker, Walker &amp; Dunlop Chairman and CEO\" width=\"300\" height=\"232\" \/><\/a><a href=\"https:\/\/www.walkerdunlop.com\/Pages\/default.aspx\" rel=\"nofollow\" target=\"_blank\">Walker &amp; Dunlop<\/a> is kicking off 2016 with a bang\u2014a billion-dollar bang. The commercial real estate finance company just announced its closing of an approximately $1.3 billion refinancing package for seniors housing operator Holiday Retirement.<\/p>\n<p>The financing comes in the form of a group of 7-year adjustable-rate loans through Freddie Mac, with a portfolio of 78 independent living facilities spanning 30 states serving as collateral.<\/p>\n<p>\u201cThis transaction portrays Freddie Mac\u2019s commitment to providing liquidity for the senior housing market. Furthermore, it demonstrates Walker &amp; Dunlop\u2019s knowledge of the sector and ability to structure and close large transactions,\u201d Russell W. Dey, W&amp;D&#8217;s vice president of healthcare and multifamily finance, told CPE.<\/p>\n<p>W&amp;D wrapped up the transaction in a short 47 days, but the expeditious closing was just one highlight of the refinancing\u2014the deal also marks the largest transaction in the history of W&amp;D, which was formed in 1937 and went public in 2010. The company, however, is no stranger to big-ticket deals. In March 2015, on behalf of New Senior Investment Group, W&amp;D originated a $670 million first-mortgage loan secured by 52 seniors housing facilities through Freddie Mac.<\/p>\n<p>W&amp;D is confident that more mega-financing transactions are in its future. \u201cThe nice thing is that with our scale, with both Fannie and Freddie, Walker &amp; Dunlop is very much in the mix on almost every large transaction,\u201d Willy Walker, chairman &amp; CEO of W&amp;D, said during the company\u2019s third quarter earnings call in November 2015. \u201cI would put forth to you that on all of the big transactions going on, we are in the mix and it&#8217;s our expectation that we will win our fair share of large deals as we move forward.\u201d<\/p>\n<p>These \u201clarge deals\u201d will likely include more seniors housing financing as, according to Walker, the company plans to continue expanding its presence in the thriving seniors housing sector. W&amp;D completed $2.8 billion of senior housing financing in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Walker &#038; Dunlop is starting off 2016 strong with a $1.3 billion seniors housing refinancing package, marking the largest transaction in the company&#8217;s history.<\/p>\n","protected":false},"author":969,"featured_media":1004134526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,23891,21742],"tags":[],"class_list":["post-1004134523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Walker &amp; Dunlop Closes $1.3B Seniors Housing Financing Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-closes-1-3b-seniors-housing-financing-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walker &amp; 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