Walker & Dunlop closes $86M in financing for office and industrial

  • Dec. 14, 2017
  • AZ Big Media

Walker & Dunlop, Inc. announced today that it structured three loans in the amount of $85,950,000 for a four-property portfolio consisting of two Class A office buildings and two industrial warehouses in Phoenix, Tempe, and Scottsdale. Based out of the Company’s Phoenix, Arizona office, Senior Vice Presidents Jim Pierson and Keaton Merrell led the team in arranging the debt for Globe Corporation (“Globe”). The loan for one property, 101 Corporate Center, served as acquisition financing and the remaining two were refinances. Debt for the two industrial warehouses, 8990 South Kyrene Road and Riverside Commerce Park, was consolidated into a single loan structure. Each of the three long-term, fixed-rate loans were closed at favorable rates with three separate life insurance companies.

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