BETHESDA, MD-Walker & Dunlop, Inc. announced Wednesday that it recently provided over $257 million for properties in Delaware, Maryland, New York, Pennsylvania, Virginia and the District of Columbia, accounting for more than 1.2 million square feet of office, retail and industrial space and 2,663 market-rate multifamily and affordable multifamily units.
The following deals were included in these recent transactions: Freddie Mac financing of $40.5 million went to Jeffrey Park and Alan Towers, located in Westchester Country, NY with 10-year terms with full term interest only. Led by SVP Drew Anderman, the Walker team structured the deal for the Scarsdale area's, Jeffrey Park—a 461-unit multifamily complex—and Alan Towers, a 132-unit complex on over two acres in Yonkers, NY.
The HUD financing for Overlook Apartments, a 187-unit garden-style property, located in Hyattsville, MD, was structured by a team led by SVP Dee McClure with a 40-year fully amortizing term under HUD's 221(d)(4) sub rehab program. The financing included 4% low income tax credits using an alternate bond structure approach that significantly reduced the negative arbitrage typically associated with tax credit transactions.
Meanwhile, EVP J. Tyler Blue and SVP Ted Hermes led the team that arranged the $17.5 million for Windsor Business Park, located in Richmond VA. The property offers 341,948 square feet of office/industrial space in six buildings.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
