Walker & Dunlop arranged a $176 million credit facility for seven single-family rental communities in various neighborhoods within the Atlanta, Georgia, MSA.

The Walker & Dunlop New York Capital Markets team, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Michael Ianno, Jackson Irwin, and Christopher de Raet, arranged the financing on behalf of institutional investors advised by J.P. Morgan Asset Management. Brookfield Asset Management’s Real Estate Credit group provided the financing. 

The portfolio consists of 709 homes totaling 1.4 million rentable square feet across seven different communities, all situated within a 30- to 55-mile drive from Atlanta’s central business district. Located in Atlanta’s most sought-after suburbs, including McDonough, Loganville, Cartersville, Hoschton, Dallas, and Jefferson, the portfolio features a mix of 3-, 4-, and 5-bedroom homes with a variety of amenities.

Walker & Dunlop has arranged $25.9M in permanent financing for Rivertown Ridge, a senior housing community located in the Grand Rapids, Michigan, metro area.

Walker & Dunlop Managing Directors Mary Stuart Hurst and Russell Dey partnered with Inner Circle Holdings to structure the 10-year, fixed-rate Fannie Mae loan with three years of interest-only payments to Redstone Group Management Inc.

Rivertown Ridge is a 152-unit, class A senior housing community built in 2019 as part of a larger, 120-acre master-planned community. The community includes dedicated units for independent living, assisted living, and memory care.

“We pulled together a team of agency and senior housing experts to collaborate on this unique transaction, which was a testament to the breadth of Walker & Dunlop’s financing platform,” said Mary Stuart Hurst, Managing Director of Multifamily Finance at W&D. “We are thrilled that we could be a part of Redstone Group’s commitment to providing quality care and housing in Grand Rapids and the surrounding region.”

Walker & Dunlop, Inc. has originated $65,731,000 in 232/223(f) and 241(a) HUD loans for seven skilled nursing facilities and memory care centers across Illinois and Wisconsin between October 2023 and February 2024.

Walker & Dunlop’s Midwest FHA Finance team, led by Joshua Rosen, Brad Annis, and Johnny Rice, arranged the construction loan and refinancings on behalf of five clients, utilizing the U.S. Department of Housing and Urban Development as the lender.

“We’re pleased to announce the closure of loans on seven properties totaling 376 units, reflecting our brokers’ dedication and proficiency in complex real estate transactions,” said Joshua Rosen, senior managing director of FHA Finance at Walker & Dunlop. “These closings underscore our unwavering commitment to excellence and drive in healthcare real estate, delivering value and expertise to clients and facilitating significant investments.”

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa. 

Join the leaders and dealmakers when they explore the most important topics and trends at Connect Midwest: Multifamily, Affordable, Student & Student Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register to attend to network with the best in the industry and sit in on discussions you won’t hear anywhere else. Early Bird Registration Ends April 19. 

Walker & Dunlop has provided $44.8 million in financing for the Ambling Portfolio, an eight-property, 741-unit multifamily portfolio in South Carolina, North Carolina and Alabama.

All of the units in the portfolio are subject to Land Use Restrictive Agreements, which require that 40% of the units must be occupied by low income tenants earning 60% or less of the Area Median Income. Five of the properties are located in South Carolina, two are in North Carolina, and one is in Alabama.

Jeff Lawrence, Matt Baptiste and Greg Krafcik of Walker & Dunlop secured the financing on behalf of the borrower, Infinity Real Estate Advisors and Infinity Capital Partners. The transaction represents the first investment in the fund, Infinity RE Impact, which was recently formed by Atlanta-based alternative investment management firm Infinity Capital Partners.

For comments, questions or concerns, please contact David Cohen