BETHESDA, Md., July 19, 2018 /PRNewswire/ -- Walker &
Dunlop, Inc. announced today that it structured $26,235,000 in financing for the acquisition
of Edentree Apartment Homes. Located in Carrollton, Texas, a submarket of Denton County, the 360-unit, garden-style
apartment community is ideally positioned within one of the
top-performing metro areas in the United
States.
Led by Managing Director Alex
Inman, Walker & Dunlop secured a 12-year, fixed rate,
full-term interest only loan for the borrower, Lane Star
Properties. The team has extensive experience in financing
multifamily properties and is ideally located near the property in
Dallas, Texas.
"Alex and his team worked diligently to present me with multiple
competitive financing options," commented Brian Schwartz, President, of Lane Star
Properties. "I was then able to choose a rate that best fit my
goals and maximized value. Being my first transaction with Walker
& Dunlop and Alex, I am thrilled to have partnered with such a
skilled group and look forward to more business in the future."
Alex Inman stated, "Lane Star
Properties has a proven history of success in the multifamily
space, enhancing communities and providing quality property
management. Walker & Dunlop is pleased to play a part in the
growth of Denton County."
Edentree Apartment Homes is centrally located in one of the
fastest growing metro areas in the nation, putting future residents
in close proximity to highly acclaimed school districts and major
employment hubs. The garden-style apartment community also enjoys
close access to Lewisville Lake, LLELA Nature Preserve, Sandy Lake
Amusement Park, several golf clubs, and Carrollton's Blue Trail. The property boasts
amenities such as a business center, fitness center, an outdoor
kitchen and grilling area, a playground, central laundry
facilities, sports courts, and a swimming pool with hot tub.
Constructed in 1983, the community has received significant
renovations over the past five years.
Walker & Dunlop is a leader in the multifamily space,
ranking within the five largest multifamily lenders with Freddie
Mac and HUD and the #1 Fannie Mae multifamily lender in 2017. The
firm's GSE originations have also increased by 41.3 percent from
2016 to 2017. For more information about Walker & Dunlop's
financing options and this team's capabilities, visit our website
and read the following press releases:
- Walker & Dunlop Secures $82
Million in Bridge Financing for Lakeside Apartments in
Texas
- Walker & Dunlop Originates $100
Million Revolving Credit Facility for Presidium
- $50 Million Loan Closed for
Multifamily Property in Jacksonville,
Florida by Walker & Dunlop
About Walker & Dunlop
Walker & Dunlop (NYSE:
WD), headquartered in Bethesda,
Maryland, is one of the largest commercial real estate
services and finance companies in the
United States providing financing and investment
sales to owners of multifamily and commercial properties.
Walker & Dunlop, which is included in the S&P SmallCap 600
Index, has over 650 professionals in 29 offices across the nation
with an unyielding commitment to client satisfaction.
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SOURCE Walker & Dunlop, Inc.