Connect with us

Top Stories

Walker & Dunlop Structures $26 Million in Financing for Apartments in High-Growth Denton County

Published

on

Walker & Dunlop Structures $26 Million in Financing for Apartments in High-Growth Denton County

Walker & Dunlop, Inc. announced today that it structured $26,235,000 in financing for the acquisition of Edentree Apartment Homes. Located in Carrollton, Texas, a submarket of Denton County, the 360-unit, garden-style apartment community is ideally positioned within one of the top-performing metro areas in the United States.

Led by Managing Director Alex Inman, Walker & Dunlop secured a 12-year, fixed rate, full-term interest only loan for the borrower, Lane Star Properties.

The team has extensive experience in financing multifamily properties and is ideally located near the property in Dallas, Texas.

“Alex and his team worked diligently to present me with multiple competitive financing options,” commented Brian Schwartz, President, of Lane Star Properties. “I was then able to choose a rate that best fit my goals and maximized value. Being my first transaction with Walker & Dunlop and Alex, I am thrilled to have partnered with such a skilled group and look forward to more business in the future.”

Alex Inman stated, “Lane Star Properties has a proven history of success in the multifamily space, enhancing communities and providing quality property management. Walker & Dunlop is pleased to play a part in the growth of Denton County.”

Edentree Apartment Homes is centrally located in one of the fastest growing metro areas in the nation, putting future residents in close proximity to highly acclaimed school districts and major employment hubs. The garden-style apartment community also enjoys close access to Lewisville Lake, LLELA Nature Preserve, Sandy Lake Amusement Park, several golf clubs, and Carrollton’s Blue Trail. The property boasts amenities such as a business center, fitness center, an outdoor kitchen and grilling area, a playground, central laundry facilities, sports courts, and a swimming pool with hot tub. Constructed in 1983, the community has received significant renovations over the past five years.

Walker & Dunlop is a leader in the multifamily space, ranking within the five largest multifamily lenders with Freddie Mac and HUD and the #1 Fannie Mae multifamily lender in 2017. The firm’s GSE originations have also increased by 41.3 percent from 2016 to 2017. For more information about Walker & Dunlop’s financing options and this team’s capabilities, visit our website and read the following press releases:

• Walker & Dunlop Secures $82 Million in Bridge Financing for Lakeside Apartments in Texas
• Walker & Dunlop Originates $100 Million Revolving Credit Facility for Presidium
• $50 Million Loan Closed for Multifamily Property in Jacksonville, Florida by Walker & Dunlop

Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Newsletters with Secrets & Analysis. Subscribe Now

Newsletters with Secrets & Analysis. Subscribe Now