WALKER & DUNLOP ARRANGES $27.5M MULTIFAMILY LOAN

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PLANO — Walker & Dunlop have secured a $27.5 million loan under HUD's 223(f) program for the 364-unit Carrington Apartments, a Class A, garden-style complex located in Plano. The complex features two swimming pools, a nine-hole putting green, a clubhouse, fitness facility, business center and coffee bar. The complex is currently 96 percent occupied. Michelle Warner of Walker & Dunlop, along with Pat McFarland of Churchill Capital Co., arranged the loan with a 35-year amortization schedule. The sponsor was The England Group.

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