Walker & Dunlop originates first loan under new Freddie Mac program

|About: Walker & Dunlop, Inc. (WD)|By:, SA News Editor

Freddie Mac's Direct Purchase of Tax-Exempt Loans initiative is aimed at boosting affordable rentals for lower income families, and making available reasonably-priced financing for tax-exempt multifamily properties.

Walker & Dunlop (NYSE:WD) today announces the closing of a $14.28M loan through this program for The Lakewoods, a 417-unit senior-housing community in Dayton, OH. About 95% of the units will receive subsidies under a HUD Senior Preservation Rental Assistance Contract.