|By PR Newswire||
|August 21, 2014 04:58 PM EDT||
BETHESDA, Md., Aug. 21, 2014 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) announced today that it arranged $20,000,000 for Stave Properties, LLC to refinance Mountain View Retirement Village, a 188-unit premier seniors housing community in Tucson, Arizona.
Phoenix-based loan originators, Brandon Harrington and Matt Steffen led the team that arranged the life insurance company financing with a 10-year fixed rate term and 30-year amortization. Mountain View Retirement Village offers best-in-class independent and assisted living, and provides services including restaurant-style dining, housekeeping and maintenance services, scheduled transportation, customized assistance, and recreational and wellness activities for its residents.
Matt Steffen commented, "Once we had a complete understanding of our client's business objectives, we produced life company and agency scenarios to provide a comprehensive pool of options for this asset class. By offering an aggressive 10-year fixed rate, complemented by a step-down prepayment, and the ability to lock rate at application, plus the flexibility of working with a balance sheet capital source, the life company financing emerged as the best fit for our client. Our diversified platform, access to capital sources and local market knowledge ensured Stave Properties that they received the best loan execution, tailored to their business plan."
Marv Spatz of Stave Properties, LLC, commented, "This was our first time working with Walker & Dunlop. They provided us with competitive options and delivered exactly what we were looking for in a refinance. It was great to work with a group that has a local presence in the Arizona market."
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, MD, is a leading provider of commercial real estate financing solutions nationwide. Our comprehensive suite of financing solutions allows us to originate loans for our own balance sheet, CMBS conduit, and investment partnerships, or for sale to Fannie Mae, Freddie Mac, HUD, life insurance companies, banks and other CMBS providers. Walker & Dunlop has more than 400 employees located in 20 offices nationwide. For more information, please visit www.walkerdunlop.com and follow us on Twitter at @Walkerdunlop.
SOURCE Walker & Dunlop, Inc.
SYS-CON Events announced today that Isomorphic Software will exhibit at SYS-CON's [email protected] at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, high-productivity enterprise web applications for any device. SmartClient couples the industry’s broadest, deepest UI component set with a java server framework to deliver an end-...
May. 26, 2016 06:30 PM EDT Reads: 2,010
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
May. 26, 2016 06:30 PM EDT Reads: 2,491
May. 26, 2016 06:15 PM EDT Reads: 320
May. 26, 2016 06:15 PM EDT Reads: 2,313
May. 26, 2016 06:00 PM EDT Reads: 1,181
May. 26, 2016 06:00 PM EDT Reads: 1,751
May. 26, 2016 06:00 PM EDT Reads: 2,269
May. 26, 2016 06:00 PM EDT Reads: 1,861
May. 26, 2016 05:30 PM EDT Reads: 1,906
May. 26, 2016 04:45 PM EDT Reads: 2,976
May. 26, 2016 04:45 PM EDT Reads: 3,044
May. 26, 2016 04:30 PM EDT Reads: 1,858
May. 26, 2016 04:30 PM EDT Reads: 2,216
May. 26, 2016 04:15 PM EDT Reads: 2,006
May. 26, 2016 04:15 PM EDT Reads: 373