BETHESDA, MD – Walker & Dunlop, Inc. (NYSE: WD) announced today that it recently provided $174,321,000 in financing for a portfolio of seven properties totaling 1,561 multifamily units located in California. Walker & Dunlop was able to lock rate on the portfolio in less than 30 days and close on the financing within 60 days of receiving the application from the borrower. Demonstrating speed, agility and comprehensive knowledge of available Fannie Mae programs, the Walker & Dunlop team, led by Senior Vice President, Andrew Tapleynavigated through the complex ownership and borrower structures and designed financing to accommodate each property.
The portfolio consists of manufactured housing communities and apartment complexes; three properties are located in Northern California and four properties are located in Southern California. Six of the properties were financed with full-term interest-only loans and one was structured with a five-year interest-only loan.
About Walker & Dunlop
Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: WD) is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS®, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States, securing capital from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Proprietary Capital group develops new financial products and provides institutional advisory, asset management, and investment management services with respect to debt, structured debt and equity, including interim financing. Walker & Dunlop, LLC has over 400 employees located in 20 offices nationwide. More information about the Company can be found at www.walkerdunlop.com.