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Walker and Dunlop Closes USD 707m Credit Facility for Student Housing Portfolio.

M2 EQUITYBITES-January 31, 2018-Walker and Dunlop Closes USD 707m Credit Facility for Student Housing Portfolio

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31 January 2018 - US-based commercial real estate services and finance company Walker and Dunlop, Inc. (NYSE: WD) has funded a USD 707m credit facility for the acquisition of 23 student housing properties for Scion Student Communities LLC, a joint venture among The Scion Group LLC, General Investment Corp. of Singapore and Canada Pension Plan Investment Board, the company said.

Walker and Dunlop has financed four large acquisition pools for Scion since 2016, totaling over USD 2bn in debt.

The company's team, led by managing directors Will Baker and Brendan Coleman, structured a Fannie Mae Credit Facility with a mix of fixed and floating rate loans with staggered maturities.

Walker and Dunlop is in the multifamily lending space, ranking as the #1 Fannie Mae DUSlender in 2017.

The company has also continued to grow its presence in the student housing space, originating USD 1.93bn in student housing loans in 2017, a 21% increase from 2016.

Walker and Dunlop, headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties.

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Publication:M2 EquityBites (EQB)
Date:Jan 31, 2018
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