Walker & Dunlop Secures Financing for Acquisition of Student Housing

by Katie Sloan

Orlando, Fla. — Commercial lender says it provided early rate lock for its client to acquire off-campus student property in Orlando.

Orlando, Fla. — Walker & Dunlop, Inc. has provided $33.4 million for the acquisition of Arden Villas, a 336-unit complex in Orlando, Florida. The interest rate was locked when the 10-year U.S. Treasury was at a then 12-month low of 2.5 percent, according to Walker & Dunlop. New Orleans-based managing director, Stephen Farnsworth, led the team that structured the financing for repeat sponsor, Pollack Shores and their joint venture equity partner, DOME Equities with a 10-year fixed rate term, with four years interest only at 80 percent LTV under Freddie Mac’s Capital Markets Execution (CME) program.






















































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