67
ONTARIO, CALIF. — Walker & Dunlop LLC has provided a more than $5.67 million loan secured by Cinnamon Ridge Apartments, located at 1051 E. 4th Street in Ontario. Underwritten to a 75 percent loan-to-value ratio, the refinancing was structured with a 10-year term and a 30-year amortization. Greg Richardson of Johnson Capital originated the loan, and Andrew Tapley led the Walker & Dunlop team. Ninety-five percent leased at closing Cinnamon Ridge is an age-restricted (55 years or more), garden-style apartment community with a mix of one- and two-bedroom units.