488 7th Avenue
New York, New York
$28.8MM Refinance Loan

Walker & Dunlop provided a $28,800,000 refinance loan for 488 7th Avenue – The York Apartments located in New York, New York. The loan was structured with a 10-year term with 2 years interest only and a 30-year amortization. The loan was underwritten to a 56.6 percent loan-to-value with a 1.25x debt-service coverage ratio. Walker & Dunlop worked diligently to provide the very best in loan proceeds, pricing and service. As a result, they were able to include up to 30% of commercial income in the cash flow underwriting. Financing was arranged by Drew Anderman.

Royal Oaks Townhomes
Hollywood, Florida
$8.75MM Refinance Loan

Walker & Dunlop provided a $8,750,000 refinance loan for Royal Oaks Townhomes located in Hollywood, Florida. The loan was structured with a 7-year term, 5 years yield maintenance and a 30-year amortization. The loan was underwritten to a 70 percent loan-to-value with a 1.35x debt service coverage ratio. Walker & Dunlop provided the borrower with long term debt, prepayment flexibility, and executed the loan in less than three months. Financing was arranged by Drew Anderman.

The Villas - Overlook at Wood Ranch
Simi Valley, California
$49.8MM Refinance Loan

Walker & Dunlop provided a $49,881,000 refinance loan for the Villas – Overlook at Wood Ranch. The loan was structured with a 7-year term (2-years interest only) and a 30-year amortization. The loan was underwritten to a 59.7 percent loan-to-value with a 1.21x debt-service coverage ratio. The loan retired $36,000,000 in variable tax-exempt bond financing and a Freddie Mac conventional supplemental loan. Financing was arranged by Jeff Burns and Verne L. Murray III.

Sun Valley Estates Manufactured Housing Park
Tarpon Springs, Florida
$13.4MM Refinance Loan

Walker & Dunlop provided a $13,442,000 refinance loan for Sun Valley Estates Manufactured Housing Park.The loan was structured with a 10-year term and a 30-year amortization. The loan was underwritten to a 70 percent loan-to-value with a 1.30x debt-service coverage ratio. Walker & Dunlop was able to secure a highly attractive interest rate and close the deal in 42 days from receiving the signed application. Financing was arranged by Andrew Tapley.

Canterbury House Apartments
Baton Rouge, Louisiana
$16MM Post-Katrina New Construction Project

Walker & Dunlop provided a $16,000,000 construction to permanent loan for Canterbury House Apartments – Sherwood. The loan was structured with a forward commitment 30-year term and a 35-year amortization. The loan was underwritten to a 79 percent loan-to-value with a 1.20x debt-service coverage ratio utilizing Gulf Opportunity Zone Bonds and Fannie Mae's variable rate bond forward commitment product. Walker & Dunlop successfully committed and converted this post-Katrina new construction project which helped deliver much needed market rate and affordable housing to the Baton Rouge market. Financing was arranged by Stephen Farnsworth.

Elan at River Oaks
San Jose, California
$138.9MM Freddie Mac Loan

Walker & Dunlop originated a $138,935,000 loan for Elan at River Oaks located in San Jose, California. The loan was closed less than two weeks after rate lock and was used to retire $120,000,000 of existing debt. Financing was arranged by Jeff Burns and Verne L. Murray III.

The Presidio
Fremont, California
$45.6MM Fannie Mae Loan

Walker & Dunlop provided a $45,600,000 loan for The Presidio complex. The loan was structured with a 10-year term and a 30-year amortization. The loan was underwritten to a 65% loan-to-value and a 1.4x debt-service coverage ratio. The loan proceeds were used to retire an existing securitized loan that was originated in 2000. Financing was arranged by Jeff Burns and Verne L. Murray III.