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Type
Multifamily
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Fund Source
Freddie Mac
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Amount
$1.9 Billion
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Financing
CLOSED 9/20/2017
The Situation
When Greystar acquired Monogram Residential Trust they approached Walker & Dunlop for assistance in financing 36 distinct multifamily property loans for 49 apartment complexes in 10 different states. Understanding the magnitude of this transaction, our financing team, led by Matt Wallach, Stephen West, and Craig West, partnered with Freddie Mac to search for the right financing options.
The Solution
In just two months, our team closed a $1.9 billion portfolio of Freddie Mac loans – the largest financing in our company’s history. Comprised of 62 percent floating rate loans and 38 percent fixed rate loans, the transaction required meticulous planning and an innovative approach.
The Results
This monumental transaction was lauded by Multifamily Executive as the 2017 Deal of the Year, and was covered by numerous publications including MBA and Bisnow.
There are only a few multifamily lenders in the country with the scale and expertise with the GSEs to execute on a transaction of this nature, and it is a testament to Walker & Dunlop's growth, and the incredible team we have, that we were able to execute on this financing so well.
Willy Walker
WALKER & DUNLOP CHAIRMAN & CEO
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4
FREDDIE MAC
OptigoSM Multifamily Lender in 2020(1)
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5
HUD
Multifamily Lender in 2020(3)
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1
FANNIE MAE
DUS® Lender in 2020(1)
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1
Multifamily
Capital Provider in 2020(2)