Walker & Dunlop structures $42M financing for Stonebridge home portfolio

  • Dec. 14, 2017
  • Real Estate Weekly

Walker & Dunlop, Inc. announced that it structured financing for a portfolio of five affordable Freddie Mac loans totaling $42,390,000 on behalf of Stonebridge Global Partners, an affordable housing owner and operator. The portfolio includes 680 units in five multifamily properties in New York and Michigan. Two of the properties, Colonial Manor Apartments and Hay Creek Apartments, qualify as affordable housing due to Section 8 HAP contracts on 100 percent of the units.

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