Holiday Retirement undergoes $1.27 billion refinancing
Walker & Dunlop, Inc. recently closed a $1.27 billion refinancing for Holiday Retirement. The seven-year, Freddie Mac, adjustable-rate loans are secured by a 78-property portfolio of independent living facilities located in 30 states across the country.
“In 2015, we completed $2.8 billion of senior housing financing, and we are focused on continuing to expand our presence within this growing market,” Willy Walker, chairman and CEO of Walker & Dunlop, said in a statement.
Russell Dey and Laura Beaton, vice presidents at Walker & Dunlop, led the company team that structured and closed the transaction in 47 days. The company said that the deal is the largest one it has closed in its history and is almost double the size of the company's second-largest financing, a $670 million financing that closed earlier in 2015.