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WASHINGTON, DC-Walker & Dunlop has launched a large loan bridge program as part of its many initiatives to diversify its lending operations. The program will have $850 million in lending power, including leverage, and will focus on loans $30 million and above with loan terms of up to three years. Multifamily properties, including student, manufactured and seniors housing, will be the target. Walker & Dunlop will originate adjustable rate loans on multifamily properties that do not qualify for permanent financing but could be candidates via Fannie Mae, Freddie Mac, HUD, CMBS, or a life company once the property is stabilized or repositioned.

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