DCP Financial Services arranges $13.2MM financing for Lakepoint Senior Care Facility in Wichita, Kansas

DCP Financial Services, as correspondent for Walker & Dunlop, has placed a $13.2 million 232/223(f) loan on behalf of Lakepoint Wichita L.L.C for the Lakepoint Senior Care Facility in Wichita, Kansas.  This 262 bed/unit senior care facility comprised of 119 skilled nursing beds (SNF), 78 assisted living units (AL), and 65 independent living units was constructed in phases beginning in 1967.

Prior to funding the HUD loan, the borrowers utilized an $11.5 million bridge loan provided by Dimension Capital Partners, to renovate the property and convert 21 independent living units into assisted living units.  The HUD loan replaced the bridge loan.

View Press Release: $13.22MM Lakepoint Senior Care Facility, Wichita, KS