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YORK, Pa. — Walker & Dunlop, Inc. (NYSE: WD) has provided a $14.1 million bridge loan for the acquisition of two sister communities — Autumn House East and Autumn House West — in York, approximately 100 miles west of Philadelphia.
The communities offer assisted living, independent living and memory care. The number of units, seller and buyer were not disclosed.
The loan will eventually be converted to a permanent HUD loan. Ken Buchanan, director of FHA underwriting, led the Walker & Dunlop team.