Our client, Southern Management Corporation, was looking to refinance their portfolio of 67 multifamily properties located in the Washington, D.C. metropolitan area. Complexities stemming from the size of the transaction as well as the uncertainty of the global pandemic, needed to be strategically navigated.
Multifamily Finance Senior Managing Director, Brendan Coleman, and team members Chris Forte, Connor Locke, Colin Coleman, Adam Johnston, and Skye Stansbury structured the financing to provide the borrower maximum flexibility, with staggered maturities across a mix of fixed and floating-rate, full-term, interest only financing.
"Walker & Dunlop's creativity, tenacity, and market knowledge resulted in a superior execution for this large and complex transaction amidst the uncertainty of a rapidly unfolding financial and health crisis," said Suzanne Hillman, President and CEO of Southern Management Corporation. “I am so glad that Southern chose to work with Brendan Coleman and his team at W&D. The effort, skill, expertise, and responsiveness of all parties involved was unprecedented.”
The Southern Management portfolio refinance, the largest transaction in the company’s history was featured in a number of publications and our Walker & Dunlop What Drives You Campaign. For more details, take a look at the links below.