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5/01/20
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Although out of RENTV’s geographic coverage area, we thought we’d mention Walker & Dunlop Inc closing the largest transaction in company history -- a $2.4 bil Fannie Mae Credit Facility to refinance 67 multifamily properties located in the Washington, D.C. metropolitan area.
Residences at Oella Mill, Oella, MD |
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The borrower, Southern Management Corporation, is the largest privately-owned residential property-management company in the Mid-Atlantic region. The portfolio financed is comprised of 22,439 units in total, over 60% of which qualify as mission-driven, affordable housing under Federal Housing Finance Agency (FHFA) guidelines.
W&D’s Brendan Coleman, Chris Forte, Connor Locke, Colin Coleman, Adam Johnston and Skye Stansbury structured the financing to provide the borrower maximum flexibility, with staggered maturities across a mix of fixed and floating-rate, full-term, interest only financing.
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