Walker & Dunlop Closes $17M Loan for Affordable Housing
- Dec 02, 2015
Houston—Leading real estate firm Walker & Dunlop Inc. recently announced the closing of a $17 million Freddie Mac loan for a Houston affordable multifamily project.
The affordable rental housing community features more than 300 units, playgrounds and a community center building. The property underwent more than $1.4 million worth of capital improvements since 2006, including exterior siding replacement, new gutters and fence, window replacement, appliances and patio/balcony repairs.
The Walker & Dunlop team for this project was led by Jeff Lawrence, vice president, and Matt Baptiste, assistant vice president.
“Walker & Dunlop did an impressive job in working closely with Freddie Mac to get this loan closed within very tight timelines. We had a lot at stake and needed a lender with experience and connections in affordable housing. We have used Walker & Dunlop in the past and we were very happy with their hard work and success in closing our loans quickly. We will certainly continue to use them on future transactions,” said Robert Howe of Howe Seattle LLC.