News Column

United States : WALKER & DUNLOP INC. arranges financing for properties located in LA

August 7, 2014

Walker & Dunlop Inc. has arranged funding for one multifamily property located in Baton Rouge and five healthcare properties located in Baton Rouge, New Orleans and Springhill, LA.

Bethesda, MD-based senior vice president, Michael Vaughn and vice president, Kevin Giustiled the team that structured the refund loans utilizing HUD s 223(f) and 232-223(f) plans.

Vaughn mentions that Thanks to our team s expertise with HUD products and knowledge of the healthcare industry and local market, we were able to refinance the existing HUD and conventional loans on the properties and structure fixed-rate long-term financing and reduce the borrower s debt service significantly.

Another main element that facilitated the funding, he says, was the terrific turnaround that the new operator for the properties, Traditions Management, performed since taking over operations of the assets in November 2011.

Vaughn says that Our efforts to familiarize HUD with the properties and transactions to make them comfortable with providing the loans were strongly supported by the response time and depth of experience of the operator.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters