Walker & Dunlop Arranges Loan for 876-Unit Apartment Community

ALTAMONTE SPRINGS, FL-Bethesda, Maryland-based Walker & Dunlop, LLC has provided has arranged $50,520,000 in financing for a garden-style apartment community in Altamonte Springs

By GlobeSt News Hub | October 28, 2011 at 01:01 AM

ALTAMONTE SPRINGS, FL-Bethesda, Maryland-based Walker & Dunlop, LLC has provided has arranged $50,520,000 in financing for a garden-style apartment community in Altamonte Springs. The loan, provided under Freddie Mac's Capital Markets Execution Program, has a seven-year term with interest only option for two years and a 30-year amortization, and the loan-to-value is 80%.

Timberlake & The Glades Apartments, a combined 876-unit community, was constructed in 1986. The Walker & Dunlop team was led by Will Baker in the deal. For the full story, go to Florida Real Estate Journal .

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