Dealmaker: Walker & Dunlop Closes $56M in Multifamily, Nursing Facility Transactions

Walker & Dunlop, Bethesda, Md., sold and financed The Moretti at Vulcan Park, a 135-unit apartment community in Birmingham, Ala.

The Moretti at Vulcan Park

The Birmingham Business Journal reported ApexOne Investment Partners paid $31 million for the Class A property in Birmingham’s Homewood neighborhood.

Walker & Dunlop’s financing team included Managing Directors Stephen West and Matt Wallach and Senior Managing Director Will Baker. They secured a 10-year Freddie Mac fixed-rate loan with five years of interest-only payments.

Walker & Dunlop Managing Directors Kris Mikkelsen and Telly Fathaly represented seller Raia Capital Management, Ramsey, N.J.

The firm also structured $25 million in HUD LEAN 232/233(f) financing for a Kentucky skilled nursing facility and an Illinois supportive living facility.

Walker & Dunlop Senior Managing Director Joshua Rosen led the origination team that secured $10.7 million for Landmark of Laurel Creek, a 106-bed Manchester, Ky. skilled nursing facility, and $14.6 million for The Vistas Fox Valley, a 136-bed supportive living facility in Aurora, Ill. The permanent financing for The Vistas Fox Valley replaced existing debt previously provided by Walker & Dunlop’s bridge lending program.