Walker Closes Record $670M Loan For REIT New Senior

Law360, Los Angeles (April 2, 2015, 7:42 PM EDT) -- Walker & Dunlop Inc. announced Thursday it has originated its largest-ever loan deal: $670 million secured by 52 properties owned by real estate investment trust New Senior Investment Group Inc.

The loans, originated as part of the Freddie Mac seller-servicer program, are seven-year, adjustable-rate.

New Senior Investment Group is using the proceeds from the loans to finance the purchase of 17 properties and refinance 35 existing assets.

“The Walker & Dunlop team, along with New Senior Investment Group, Inc. and Freddie Mac, did an exceptional job...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.