NEW ORLEANS-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Walker & Dunlop, Inc. has provided $43,500,000 for Esplanade at City Park, an apartment community north of downtown New Orleans.

Walker & Dunlop SVP, Stephen Farnsworth structured the 10-year, 5-year interest only acquisition loan through German American Capital Corporation for borrower, Priderock Capital Partners.

“This financing is indicative of the recent growth of the CMBS market nationwide, resulting in Walker & Dunlop's ability to structure loans with higher interest-only periods for borrowers,” Farnsworth said. “The transaction also demonstrates the continued development of the multifamily market in New Orleans and the increased demand for out-of-state institutional equity. As a native New Orleans resident, I am proud to have contributed to financing Esplanade at City Park, one of the most iconic apartment communities in the city.”