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Walker & Dunlop Lends $93M For DC Apartments

Walker & Dunlop Inc. has offered a loan worth $93 million for the Vaughan Place at McLean Gardens in Washington.

Walker & Dunlop Inc. has offered a loan worth $93 million for the Vaughan Place at McLean Gardens in Washington. The credit facility was provided through Walker & Dunlop LLC, a subsidiary of the commercial real estate financial services provider in the U.S.

The loan was structured with a 10-year term with one-year interest and 30-year amortization. Vaughan Place at McLean Gardens is a mixed-use apartment community that was 97% rented out at closing.

Click here for the release from PR Newswire.

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