The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



FINANCING NEWS
Printer-friendly Version   Email an Associate
Walker & Dunlop Structures $55 Mil in Acquisition Financing for NoCal Res Buy

3/25/15

Walker & Dunlop Inc has structured a $54.84 mil, Fannie Mae acquisition loan for Highland Gardens Apartments, a 187-unit multifamily complex in Mountain View, CA. Highland Gardens Apartments is a garden-style apartment community originally built in 1963 and recently renovated in 2013.

The updated luxury apartments include new appliances, private patios, and granite countertops. Community amenities include a new fitness center, swimming pool, bocce ball court, and a brand new BBQ cabana.

Previously, the asset was operated as two separate properties that are split down the middle by a parcel of land owned by the San Francisco Public Utility Commission (SFPUC). This parcel includes underground water mains that provide water to the nearby San Francisco Bay area.

Bryan Frazier, managing director, led the Walker & Dunlop team that structured the loan. The seven-year loan was structured as full-term, interest-only with a 65% loan-to-value ratio and a 1.25x DSC ratio.





Return to the Archive page
 
 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media