-Walker & Dunlop arranged USD 87.3m of construction financing during Q1-3.
M2 EQUITYBITES-November 19, 2012--Walker & Dunlop arranged USD 87.3m of construction financing during Q1-3(C)2012 M2 COMMUNICATIONS http://www.m2.com
19 November 2012 - Maryland, USA-based commercial real estate finance firm Walker & Dunlop, Inc. (NYSE: WD) said that it has arranged USD 87.32m in construction financing for two hotels and a mixed-use property during the first three quarters of 2012.
The company said that its most recent financing was for 2001 Clarendon, a class A mixed-use property in Arlington, VA, which closed in August 2012. The construction loan was structured with a 13-year term with the first 3-years as interest-only, followed by a 30-year amortization schedule.
Walker & Dunlop said that this deal, financed by a major life insurance company, has the unique characteristic of being a far longer term than most construction loans.
More information about the company can be found at www.walkerdunlop.com.
1 USD = 0.630684 GBP
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|Date:||Nov 19, 2012|
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