Green Park Funds Purchase of 19 Properties

Green Park Financial, Bethesda, Md., has originated loans totaling $212 million to finance the purchaseof 19 properties by Westdale Asset Management, a Dallas real estate management company. The properties, purchased from Glenborough Real Estate Investment Trust, are located in Texas, Georgia,and Arizona, Green Park said. The company, a Fannie Mae-approved lender, said the loans are to be securitized asFannie Mae-guaranteed mortgage-backed securities. "By combining our access to capital and processing capabilitywith our correspondents' precise knowledge of local markets, we are able to effectively execute a broad range oftransactions," said Herman E. Bulls, Green Park's executive vice president and chief operating officer. GreenPark is a joint venture between Walker & Dunlop, Washington, D.C., and SunAmerica, an AIG company.