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Walker & Dunlop Closes $50M Mod-Rehab Loan for Arizona MF

February 14, 2018

Walker & Dunlop, Inc. structured a $49.6 million loan for Arrowhead Summit, a 412-unit, Class B property at 18330 North 79th Ave. in Glendale, AZ. The financing was arranged for Cortland Partners, which is making its first investment in the Phoenix MSA. Walker & Dunlop’s Stephen Farnsworth led the team in arranging the Freddie Mac acquisition financing for the borrower. The loan utilized Freddie Mac’s Mod-Rehab Program, which provides capital for the renovation and repositioning of multifamily assets at very competitive rates.

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