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3/10/17
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Walker & Dunlop Inc structured loans totaling $75.6 mil with Freddie Mac for four multifamily properties located in AZ and TX. The assets are all Class B, garden-style apartment complexes.
The portfolio’s four loans were structured at competitive interest rates with 10-year terms and interest-only payment periods ranging from five years to full-term. The executions utilized Freddie Mac’s Green UpSM financing program, which offers favorable rates and generates savings for borrowers whose properties meet certain criteria for reduced energy and water consumption. Walker & Dunlop’s Alex Inman arranged the debt placement.
The properties are conveniently located in urban areas of the Phoenix and Dallas-Fort Worth regions. Qualifying for the Green UpSM program, the apartment complexes are equipped with high-end, energy conserving appliances and a range of amenities including pools, workout rooms, spas, tennis courts, playgrounds, and clubhouses.
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