PHOENIX—Walker & Dunlop, Inc. announces that it recently provided $107,130,323 for multifamily properties in Arizona.

Brandon Harrington and Matt Steffen led the team that structured the $5,100,000 loan for Casa Maribela, a 191-unit fractured condominium building in Phoenix. Harrington tells GlobeSt.com the W&D team structured and closed the 5-year non-recourse CMBS loan 30 days after receiving the signed application from the borrower. The team also recently closed a 30-year fixed-rate fully amortizing Fannie Mae loan for The Meadows, a 165-unit multifamily property in Phoenix.

“The Meadows deal allowed the buyer to hand the property down through generations,” Steffen tells GlobeSt.com. “Clients have been very pleased when they have gone to rate-lock their deals. We've noticed a lot of competition in in capital sources—it's a very borrower-friendly environment.”