Walker & Dunlop Recently Structured $45MM in Loans for Manufactured Housing Communities

Bethesda, Maryland – December 15, 2016 – Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that it recently provided $44,515,000 in financing for manufactured housing communities (MHC) in California, Florida, and Iowa. MHC properties provide affordable ownership and rental options for families across the country and are a stable asset class.

The Company is a Fannie Mae and Freddie Mac approved MHC lender with extensive experience in a wide variety of properties, including both all-age and age-restricted communities. MHC financing is a specialized product type that requires a strong working knowledge of the subtle intricacies associated with each property. The Company has been a leading Fannie Mae lender in the MHC space for many years, and it also originated the first Freddie Mac MHC transaction in 2014, when Freddie Mac initially developed its program.

Needham, Massachusetts-based Managing Director, Andrew Tapley, specializes in MHC properties. He commented, “As one of the largest agency manufactured housing lenders, Walker & Dunlop is able to expedite the loan process for MHC deals and provide extremely competitive terms to meet our customers’ needs.”

The following noteworthy MHC deals were financed by Walker & Dunlop in 2016:

Walker & Dunlop, Manufactured Housing

Both Fannie Mae and Freddie Mac have MHC programs that provide flexible loan terms, fixed or variable rate financing options, prepayment flexibility, competitive pricing, and certainty and speed of execution. MHC financing is available for properties that are existing, stabilized high quality, professionally managed, and that have a minimum of 50 pad sites.

About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 500 professionals in over 25 offices across the nation with an unyielding commitment to client satisfaction.

West Coast Commercial Real Estate News