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LOS ANGELES — Walker & Dunlop has closed $289 million in loans for 21 multifamily properties across California. The portfolio contains a total of 2,189 units in major metropolitan areas like San Francisco, San Jose, San Diego and Los Angeles.
More than half of the communities contain project-based Section 8 Housing Assistance Payments Contracts. The other 10 assets qualify for Fannie Mae’s Green Rewards Program, where new investments in water and electrical systems will reduce the properties’ environmental impact.
Peggy Griffith, a Walker & Dunlop preferred correspondent, sourced the transaction.