Walker & Dunlop Originates $47.2M in Construction Financing for Apartment Complex in Mesa

by Nellie Day

MESA, ARIZ. — Walker & Dunlop has originated $47.2 million in HUD financing for construction of the 325-unit Aviva apartment complex in Mesa. The affordable housing community is located at 8350 E. Baseline Road.

Aviva will contain one- to three-bedroom units. Construction recently commenced with a scheduled opening in the third quarter of 2018.

The total development cost is $63 million.

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