October 10, 2017
Fannie Mae closed its 500th Green Financing transaction of 2017, a portfolio of ten multifamily properties, owned by Goldrich Kest of Culver City, California. The $179.6 million portfolio consists of 1,252 units throughout California. To finance the portfolio, Walker & Dunlop chose a 15-year loan term with 30 years of amortization and a debt service coverage ratio of 1.35x to 1.40x. The transaction is a significant milestone for the Fannie Mae Green Financing business that provides social, environmental, and financial benefits to the market.