Pine Court Apartments
Richmond, Virginia
$3.5 MM Permanent Loan

Walker & Dunlop provided a $3,570,000 permanent loan for Pine Court Apartments located in Richmond, Virginia. The loan was structured with a 10-year term and a 30-year amortization. Walker & Dunlop was able to engineer a quick closing of 45 days at a rate of 5.79%. Financing was arranged by Andrew Coleman.

950 Wind River Lane
Gaithersburg, Maryland
$7.8MM, Acquisition Loan

Working in concert with the seller of the property, the borrower, Broad Street Ventures, LLC, simultaneously executed a 10-year lease agreement with MedImmune, the Gaithersburg, Maryland-based biotechnology company. MedImmune will occupy the entire building. The loan was structured with a 5-year term and a 25-year amortization. Walker & Dunlop was able to close the loan in less than 60 days and provide the borrower with customized flexibility in prepayment structure. Financing was arranged by Ted Hermes.

Ritz-Carlton Philadelphia
Philadelphia, Pennsylvania
$65MM, Refinance Loan

The Ritz-Carlton Philadelphia is a 303-room full service hotel located in the heart of Philadelphia’s central business district. The lender, HSBC, was able to offer extremely attractive financing terms including interest only for the loan’s full term. Execution of this financing, in the midst of the current credit markets, was due to the Ritz brand, strong asset quality and exemplary owner sponsorship. Financing was arranged by Andrew Coleman.

Quarry Lake at Greenspring
Baltimore County, Maryland
$13.5MM, Permanent Loan

Quarry Lake at Greenspring is a 73,047 square foot, class A multi-tenant office property. Quarry Lake at Greenspring is a residential, retail, and office community built around a 40-acre lake on the site of a former mineral quarry. Walker & Dunlop arranged over $69 million in construction and permanent financing for the entire commercial and retail component of the Greenspring Development. Financing was arranged by Ted Hermes and J. Tyler Blue.

Eastern Petroleum Portfolio
Washington, D.C.
$16MM, Permanent Loan

Each of the 11 properties in this portfolio contains a gas station and convenience store. The loan was structured as a 10-year term with 20-year amortization. Financing was arranged by Ted Hermes.