WALKER & DUNLOP PROVIDES $44.2M LOAN FOR NASHVILLE APARTMENTS

NASHVILLE, TENN. — Walker & Dunlop Inc. has provided $44.2 million in acquisition financing for Madison at Ridgelake, a 560-unit apartment community located in Nashville. The borrower, Arenda Capital Management, will use the funds to purchase the apartment community and make capital improvements. Stephen West and Matthew Wallach of Walker & Dunlop led the team that structured the two-year interest-only bridge loan.