BETHESDA, Md., March 7, 2022 /PRNewswire/ -- Walker &
Dunlop, Inc. announced today that it structured $302,241,000
in Freddie Mac financing for a portfolio of ten multifamily
properties in central Connecticut.
The portfolio comprises 2,286 units in total, over 75% of which
qualify as mission-driven, affordable housing under Federal Housing
Finance Agency (FHFA) guidelines.
Taylor Williams, Managing
Director in Walker & Dunlop's Capital Markets group, structured
the financing on behalf of Beachwold Residential, a repeat client
and family-owned real estate company headquartered in New York City. The team provided support to
the client throughout the entire deal process, working to ensure
the latest rental rate increases were captured in the appraisal and
underwriting processes. The new loan effectively provided the
borrower with an attractive fixed rate and additional proceeds.
"Taylor Williams and his team are
experts," said Gideon Friedman, CEO
of Beachwold Residential. "They provided clear and prescient
guidance throughout the process, and their reaction time to any
queries we had was exceptional. They are truly professionals when
it comes to dealing with this type of transaction."
"It was an honor to be chosen for this transaction by
Gideon Friedman and the Beachwold
team," Mr. Williams added. "We were able to effectively execute the
deal with an excellent rate, thanks to our skilled team and solid
partnership with Freddie Mac."
The ten-property portfolio is comprised of a diverse and unique
set of communities with construction dates ranging from 1926 to
2008. The oldest property, 278 Main, was originally a schoolhouse,
which was converted to apartments. Another distinctive property is
Lofts at the Mills, a former mill that was recently converted to
loft apartments. Most of the properties within the portfolio are
situated in irreplaceable infill locations throughout Connecticut.
Walker & Dunlop was the top provider of capital to the U.S.
multifamily market in 2020, and in 2021 the firm originated
$49 billion in debt financing volume,
including lending over $42 billion
for multifamily properties. To learn more about our Capital Markets
capabilities and financing options, visit our website.
About Walker & Dunlop
Walker &
Dunlop (NYSE: WD) is the largest provider of capital to the
multifamily industry in the United
States and the fourth largest lender on all commercial real
estate including industrial, office, retail, and hospitality.
Walker & Dunlop enables real estate owners and operators to
bring their visions of communities — where Americans live, work,
shop and play — to life. The power of our people, premier brand,
and industry-leading technology make us more insightful and
valuable to our clients, providing an unmatched experience every
step of the way. With over 1,000 employees across every major
U.S. market, Walker & Dunlop has consistently been named
one of Fortune's Great Places to
Work® and is committed to making the
commercial real estate industry more inclusive and
diverse while creating meaningful social, environmental,
and economic change in our communities.
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SOURCE Walker & Dunlop, Inc.