Walker & Dunlop structures $392.38 million of 10-year green loans

By Susanna Moon

Chicago, June 26 – Walker & Dunlop, Inc. said it has structured $392,384,000 of 10-year green financing via non-recourse interest-only loans for three multifamily properties in southern California.

Two class A multifamily communities in downtown Los Angeles were financed through $233,587,000 of Freddie Mac Green Up loans.

The third transaction for a 752-unit garden-style community located in Santa Clarita, Calif. received $158,797,000 in financing and was done through Fannie Mae’s Green Rewards program, rate locking in 14 days and closing in 32 days, according to the announcement.

The properties are owned and developed by the borrower, G.H. Palmer Associates.

Walker & Dunlop is a Bethesda, Md.-based provider of commercial real estate financial services.

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