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Newly Constructed South Florida Apartments Receive $67 Million In Financing Via Walker & Dunlop

Feb 04, 2022•over 3 years ago

Amount Raised

$67 Million

Bethesda

Description

Walker & Dunlop, Inc. announced today that it structured $67,000,000 in financing for Zona Village, a Class-A multifamily property located in Davie, Florida, a high growth submarket within the Ft. Lauderdale MSA. Recently completed in 2021, the midrise building is comprised of 201 multifamily units and 16,500 square feet of ground floor retail space.

Company Information

Company

Apartments

Location

Bethesda, Maryland, United States

About

Walker & Dunlop was the top provider of capital to the U.S. multifamily market in 2020, and in 2021 the firm originated $49 billion in debt financing volume, including lending over $42 billion for multifamily properties. Newly Constructed South Florida Apartments Receive $67 Million in Financing via Walker & DunlopWalker & Dunlop's Tom Melody, Eric McGlynn, Jonathan Paine, and Wes Wallace leveraged their wide range of capital sources, ultimately identifying a national life insurance company as the lender and securing the proceeds to refinance Zona Village.

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