Joint venture owners, Landmark Partners and Ocean West Capital Advisors, needed to secure competitive acquisition financing for an incredible student housing community located adjacent to University of California-Davis (UC Davis). The Sol at West Village was built on UC Davis grounds in three phases between 2011 and 2013 and offers high-end unit interior finishes and student-centric amenities. The property is the only upscale student housing community in the market and is also the nation’s largest aspirational zero net energy (ZNE) community in the United States, combining energy-efficient technology with on-site energy production via rooftop and vertical solar panel installations.
Walker & Dunlop Senior Managing Director Will Baker, Senior Director William Shell, and Associate Director Doug McDaniel immediately began weighing financing options to provide the debt,in collaboration with Tim Bradley of TSB Capital Advisors. Our team’s scale and established partnership with Fannie Mae allowed us to secure flexible terms and lock in an attractive rate for our client.
“Walker & Dunlop is a critical partner in helping us meet our financing needs," Landmark Properties President and CEO Wes Rogers said. "We can always rely on their team's comprehensive financing approach to get the job done and allow us to continue focusing on our strategic growth goals."