REBusinessOnline

WALKER & DUNLOP PROVIDES $18.1M FREDDIE MAC LOAN FOR EDGEWOOD PARK

BELLEVUE, WASH. — Walker & Dunlop has provided an $18,150,000 permanent loan for the 195-unit Edgewood Park apartment community. The loan is a Freddie Mac capped adjustable-rate mortgage with a seven-year term and a 30-year amortization. It was underwritten to a 60 percent loan-to-value with a 1.15x debt-service coverage ratio. Michael Taylor of Newmark Realty Capital originated the loan. Jay Thomas, a vice president at Walker & Dunlop and a member of the firm’s multifamily finance underwriting department, headed up the Walker & Dunlop team.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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