Health care properties get financing
Posted: 2:57 pm Wed, March 20, 2013
Walker & Dunlop Inc., of Bethesda, a real estate lender focused on multifamily loans, announced that it provided more than $415.1 million in financing for health care properties nationwide in 2012.
As one of the largest lenders in the country under FHA, Fannie Mae, Freddy Mac and the U.S. Department of Housing and Urban Developoment programs, the company provides construction, bridge, equity and mezzanine financing for seniors’, residential care and hospital projects nationwide, according to officials.
In September 2012, W&D acquired a rival firm, Washington-based CWCapital, for $234 million in cash and stock. W&D officials said the acquisition expanded its capabilities to provide financing under Fannie Mae, Freddie Mac and HUD.