Walker & Dunlop Arranges Financing for Affordable Housing Development in San Mateo, California

  • April 1, 2019
  • Multifamily Biz

Walker & Dunlop announced that it closed a $15,960,000 forward commitment for the permanent financing of Bay Meadows Apartments, a 68-unit affordable housing community located in San Mateo, California. The property will be developed using 9% Low-Income Housing Tax Credits (LIHTC) and is scheduled to be completed in June 2020, with the permanent loan targeted for conversion in September 2020.

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