Mortgage

Walker & Dunlop, ARA close multi-million dollar loan deals

Walker & Dunlop (WD) financed five properties through its joint venture with ARA, totaling $110 million.

The venture between Walker & Dunlop and ARA provided a total of $615 million in financing and sales activity in 2012.

“These deals show the strength of ARA Finance, where two of the largest companies in their respective sector of the multifamily market come together to provide clients with the best execution available,” said Tom MacManus, finance president and chief operating officer of ARA.

The five deals include the financing for Park Colony in Hollywood, Fla.; Polo Glen Apartments in Rockledge, Fla.; Mountain Ranch Apartments in Austin, TX; as well as The Legends at Preston and Dunhill Trace in Charlotte, NC. 

Additionally, ARA brokered the sale of $9.5 billion in multifamily properties, while Walker & Dunlop originated $8 billion in multifamily financing last year.

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