Philadelphia, PA — Walker & Dunlop, Inc. has hired a new debt financing team in Philadelphia. This addition to the firm’s Capital Markets group enables Walker & Dunlop to continue expanding its geographic footprint in the Northeast and Mid-Atlantic regions.
The team is led by experienced professionals John Banas and Kristopher Wood, who both join Walker & Dunlop as senior VPs and managing directors. Additional team members include vice president Chad Levitt, assistant vice p
Bethesda, MD — Walker & Dunlop, Inc. that it structured a $15,509,300 loan for Manseau Flats, a 78-unit, class A multifamily development located along the western bank of the Fox River in Ashwaubenon, WI. Bedford Development (Bedford) will utilize cutting-edge construction techniques and the project will qualify for the National Green Building Standard (NGBS) designation.
Senior vice president, Brandon Strong, and managing director, Chris Rumul, led the Walker & Dunlop team
Bethesda, MD — Walker & Dunlop, Inc. structured financing for a portfolio of five affordable Freddie Mac loans totaling $42,390,000 on behalf of Stonebridge Global Partners, LLC (Stonebridge), an affordable housing owner and operator. The portfolio includes 680 units in five multifamily properties.
Two of the properties, Colonial Manor Apartments and Hay Creek Apartments, qualify as affordable housing due to Section 8 HAP contracts on 100% of the units. In addition, Hay Cr
Manhattan, NY — Bethesda, MD — Walker & Dunlop, Inc. announced that it structured a $93,925,200 loan with the United States Department for Housing and Urban Development (HUD) for Polyclinic Apartments. The Section 8 property provides affordable housing units to tenants in the Hells Kitchen neighborhood in New York City, one of the most expensive areas of the country.
The Walker & Dunlop team, led by Chris Rumul, arranged the financing via HUD’s 223(f) program for Standard Co
Bethesda, MD —Walker & Dunlop, Inc. announced today that it closed $29.4 million in financing for Copper Cove Village and The Falls, two unaffiliated class A multifamily projects located in Plymouth, Massachusetts and Hudson, New York, respectively. The transactions were closed by Walker & Dunlop Commercial Property Funding, LLC (WDCPF), the New York City-based, wholly owned high-yield first mortgage and mezzanine lending platform of Walker & Dunlop, Inc., which provides fund
Across the Mid-Atlantic, the multifamily market continues to expand, but the money game is shifting for new construction projects. Because of these shifts, the region’s developers must have new strategies to successfully finance their projects and maximize profits.
The Financing Shift
From 2010 to 2015, banks were the largest source of construction financing, typically providing loans for near-total construction costs at a relatively cheap rate of 2.50% on top of LIBOR. No
Bethesda, MD — Walker & Dunlop, Inc. announced that it closed a $19.521 million Fannie Mae Fixed Rate loan for True North Capital Partners’ acquisition of Wakefield Vista Apartments, a 114-unit property located in Wakefield, MA. This is the borrower’s fifth acquisition in the Boston area over the last two years. Led by Steve Natale and Bill Battaglia, the Walker & Dunlop team worked diligently with Fannie Mae on True North Capital Partners’ first Agency execution to structur