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HOUMA, LA. — Walker & Dunlop has provided a $12.6 million refinance loan for Houma Highlands, an apartment development located in Houma. The multi-phase development currently consists of eight three-story, walk-up apartment buildings and a clubhouse with a swimming pool, fitness center, playground and car wash. The borrowers will use the loan to help finance the second phase of the development. The loan features a 7-year capped ARM with a 1-year lockout, 1 percent exit and a 30-year amortization schedule. Stephen Farnsworth of Walker & Dunlop originated the loan and led the Walker & Dunlop team.