109
GREENBELT, MD. — Walker & Dunlop provided a $31.84 million loan to an affiliate of Harbor Group International for the acquisition of Hanover Apartments in Greenbelt. Built in 1966, the property is comprised of nine residential buildings offering one-, two- and three-bedroom units, and a clubhouse. Additional amenities include a business center, a children's playground, a fitness center, a swimming pool, a laundry facility and a picnic and barbeque area. The loan was structured with a 10-year term with 2 years interest only and a 30-year amortization schedule. Stephen Farnsworth of Walker & Dunlop originated the loan and led the firm's team.