The Solution
Walker & Dunlop leveraged its integrated platform to align debt and equity execution, delivering a coordinated and efficient financing strategy.
The team structured a capital stack that included $17.9 million in Freddie Mac tax-exempt permanent debt and $13.6 million in LIHTC equity.
By working seamlessly across debt and equity, the team was able to share underwriting, streamline due diligence, and quickly solve structural challenges, providing a more efficient path to closing than a traditional multi-provider approach.
The Result
Walker & Dunlop successfully recapitalized Lima Towers and positioned the asset for long-term performance.
- Delivered a fully integrated financing solution across debt and equity
- Secured long-term stability with a new 20-year Section 8 Project-Based HAP Contract
- Preserved 199 units of affordable senior housing
- Supported renovations that enhance accessibility, modernize units, and improve community amenities
The rehabilitation is designed to improve residents' quality of life while maintaining occupancy and minimizing disruption during construction.
Lima Towers demonstrates the power of Walker & Dunlop’s integrated platform. By aligning debt and equity, the team simplified a complex transaction, improved execution certainty, and delivered both financial performance and meaningful community impact for its client.
The experts who closed the deal
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