The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 19, 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?



ETC... ETC...
Printer-friendly Version   Email an Associate
Walker & Dunlop Arranges $34 Mil in Freddie Mac Funding for Roseville Apartment Project

7/26/17

Walker & Dunlop Inc provided a $33.8 mil commitment under the Freddie Mac Tax Exempt Loan (TEL) Unfunded Forward Program for the permanent financing of Campus Oaks Phase I, an affordable, garden-style apartment community in Roseville, located about 20 miles northeast of Sacramento.

The property is in an area known as the Hewlett-Packard Campus Oaks Master Plan, located within the North Industrial Planning Area. The property is the first of a two-phase multifamily development that will include a total of 395 units and will bring much-needed affordable housing to Roseville.

Once constructed, Campus Oaks Phase I will consist of 20 three-story apartment buildings, featuring 186 units, and a two-story clubhouse. Common area amenities will include a swimming pool, cabanas, spa, barbeque station, fire pits, bicycle repair station, beach volleyball court, and bocce courts.

W&D’s Frank Baldasare and Carolyn McMullen led the origination team, which arranged the TEL forward commitment for construction financing upon completion and stabilization of the property. The Freddie Mac TEL Unfunded Forward Program allows borrowers to lock in interest rates for permanent debt at the same time the construction loan closes. Walker & Dunlop leveraged the program to provide faster and more affordable financing than competing lending sources.








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