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BETHESDA, MD-All-in rates for multifamily refinancing are the lowest in Walker & Dunlop broker Brendan Coleman’s memory. For a fully levered deal of 80%, a borrower could conceivably get a loan at 375 basis points. And indeed, Walker & Dunlop just secured $19.2 million in fixed-rate Fannie Mae financing for a portfolio of residential properties in Washington, DC, for William C. Smith + Co., at below 4%. “The debt on the company’s portfolio was maturing and they were able to refinance at a great time at significant savings,” Coleman says. Walker & Dunlop colleague Benjamin Krosin also worked on the transaction.

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