BETHESDA, MD—Walker & Dunlop is building out its affordable housing finance team with the hire of Brian Jones, a former director at FHA lender, Love Funding. At W&D he will focus on originating affordable multifamily, healthcare, and seniors housing loans out of the company's Cleveland, Ohio office, which scheduled to open on Jan. 4, 2016.
Walker & Dunlop has originated nearly $2 billion of loans on these property types in 2015. It plans to increase volume in that product line with the addition of Jones, it said.
At Love Funding, where Jones originated financing for affordable and market rate projects and healthcare facilities using HUD's RAD program with 9% and 4% LIHTC. Previously, he was the assistant vice president of development at Millennia Housing Development.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
