Business & Finance
Business and Finance
Business and Finance
Thu, April 5, 2012 Walker amp;; Dunlop Closes $90 Million Acquisition Loan for Hunt Valley Towne Centre in Hunt Valley, Maryland
Walker & Dunlop Closes $90 Million Acquisition Loan for Hunt Valley Towne... -- BETHESDA, Md., April 5, 2012 /PRNewswire/ --
Walker & Dunlop Closes $90 Million Acquisition Loan for Hunt Valley Towne Centre in Hunt Valley, Maryland
BETHESDA, Md., April 5, 2012 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: [ WD ]) (the "Company") announced today that its subsidiary, Walker & Dunlop, LLC arranged $90,000,000 in financing for Hunt Valley Towne Centre, a Class A shopping center located in Hunt Valley, MD.
The loan, which was provided by American International Group, Inc., was structured with an 8-year interest-only term.
Hunt Valley Towne Centre is a 766,256 square foot regional retail center located along York Road with easy access to Interstate 83. The open air shopping center is anchored by Wegman's Food Market and boasts many national and regional tenants including Chipotle, GameStop, Chico's, California Pizza Kitchen, Caribou Coffee, and M&T Bank.
Walker & Dunlop Executive Vice President J. Tyler Blue, (301/215-5518, [ tblue@walkerdunlop.com ]) and Vice President Paul Wallace, (301/215-5538, [ pwallace@walkerdunlop.com ]) led the Walker & Dunlop team.
About Walker & Dunlop
Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: [ WD ]) is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending. The Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. As a Fannie Mae DUS™, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, Walker & Dunlop lends on most major multifamily asset classes including market-rate apartments, affordable apartments, manufactured housing communities, seniors housing, student housing and certain healthcare facilities. The Capital Markets and Investment Services groups of Walker & Dunlop provide a broad range of advisory, financing, investment consulting and related services.
SOURCE Walker & Dunlop
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