Bethesda, Maryland – July 21, 2016
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today it arranged a $22,000,000 refinance loan for Trimark Properties, backed by three Class-A student housing apartments in Gainesville, Florida.
The borrower received a 10-year, fixed-rate loan with a 30-year amortization schedule for three of its properties: Solaria II, Tuscana, and Savion Park. Trimark Properties is known for its first-rate properties catering to University of Florida students. Paul Ahmed, senior vice president, of the Company’s Fort Lauderdale, Florida office led the Walker & Dunlop team. Mr. Ahmed stated, “Trimark Properties has a record of consistent quality in their services and design. Savion Park, Tuscana, and Solaria II are performing well and are in excellent condition as a direct result of their design and highquality construction.”
Located in close proximity to the University of Florida’s Sorority Row and downtown Gainesville, these luxury apartments are in the ideal location to serve the high-demand student housing market. Altogether, the three properties comprise 114 units and 157,000 square-feet. Each apartment features unique, sustainable, and state-of-the-art designs. Community amenities include private balconies, internal courtyards, parks with jogging paths, electric wine chillers, and 24-hour concierge.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 600 professionals in 28 offices across the nation with an unyielding commitment to client satisfaction.