Walker & Dunlop Closes $67.5 Million Loan for Huntington Gateway in Alexandria, Virginia
BETHESDA, Md., Sept. 25, 2012 /PRNewswire/ -- Walker & Dunlop, Inc. (WD) (the "Company") announced today that its subsidiary, Walker & Dunlop, LLC arranged $67,500,000 in financing for Huntington Gateway Apartments, a high-rise residential community located in Alexandria, VA.
The loan was provided by New York Life Insurance Company and structured with a 10-year term and a 30-year amortization for the borrower, Huntington Apartment Associates, L.P.
Huntington Gateway is located within walking distance of the Huntington Metro station and a short distance from the Capital Beltway. The 447,712 square foot property offers 443 high-rise units featuring studios, one- and two-bedroom floor plans as well as more than 30,000 square feet of retail space. Community amenities include a fitness center, spa, racquetball court, barbecue area, fireside lounge and tennis courts. Huntington Gateway also provides residents with shuttle service to the Huntington Metro station, rentable storage space, and 24-hour concierge service.
Walker & Dunlop Senior Vice President, Ted Hermes, (301/215-5529, firstname.lastname@example.org) led the Walker & Dunlop team with the assistance of Elizabeth Conahan (Volta Place, LLC; 301/215-5509, email@example.com).
About Walker & Dunlop
Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending. The Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. As a Fannie Mae DUS®, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, Walker & Dunlop lends on most major multifamily asset classes including market-rate apartments, affordable apartments, manufactured housing communities, seniors housing, student housing and certain healthcare facilities. The Capital Markets and Investment Services groups of Walker & Dunlop provide a broad range of advisory, financing, investment consulting and related services.
SOURCE Walker & Dunlop, Inc.