Walker & Dunlop has provided $394.6 million in financing for multifamily properties in the state of Texas during the eight months of this year, according to the commercial real estate financing company.
The Bethesda, Md.-based firm said it used a
Under the leadership of Walker & Dunlop vice president Alex Inman, the $26.4 million loan was based on “renovated” value, which allowed the borrower to mortgage a portion of the renovations and eliminated the need for a bridge loan upon acquisition.
Walker & Dunlop also provided a Federal Housing Administration-insured multifamily loan to finance low-income apartments in Austin.
“Due to the recent construction and proper upkeep, the Woodway Village Apartments has the feel and amenities of a market rate property,” the company said.
Walker and Dunlap closed $731 million in loans for properties in Texas in 2012.
