Walker & Dunlop Closes $93 Million Life Company Refinance Loan for Vaughan Place at McLean Gardens - DC

BETHESDA, Md., Sept. 1, 2011 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) (the "Company") announced today that through its subsidiary, Walker & Dunlop, LLC provided a $93,000,000 loan for Vaughan Place at McLean Gardens located in Washington, DC, on August 12, 2011. The loan was structured with a 10-year term with 1-year interest only and a 30-year amortization.  

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Vaughan Place at McLean Gardens is a 389-unit class A mixed-use apartment community, comprised of high-rise, mid-rise and garden-style residential buildings and 46,357 square feet of office and retail space. Amenities include 24-hour concierge service, outdoor swimming pool, state-of-the-art fitness center, and community ballroom. This unique luxury apartment complex is situated on 10 tree-lined acres in Northwest Washington, DC and features excellent views of the nation's capital and the neighboring National Cathedral. Vaughan Place at McLean Gardens was 97% leased at closing.

Walker & Dunlop Executive Vice President, Capital Markets, J. Tyler Blue (301/215-5518, [email protected]) led the Walker & Dunlop team with the assistance of Elizabeth Conahan (Volta Place, LLC; 301/215-5509, [email protected]); Vice President, Capital Markets, Paul Wallace (301/215-5538, [email protected]); and Senior Analyst, Capital Markets, Hagan Dick (301/215-5522, [email protected]).

About Walker & Dunlop

Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: WD) is one of the leading providers of commercial real estate financial services in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS™, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States. Capital for this financing comes from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Principal Investment group provides institutional advisory, asset management, and investment management services with respect to debt, structured debt and equity.

SOURCE Walker & Dunlop

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