Real Estate Journal — Owners, Developers & Managers — December 22 - January 12, 2018 — 5B
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M id A tlantic
O wners , D evelopers & M anagers
On behalf of Stonebridge, an affordable housing owner and operator Walker & Dunlop arranges financing for $42.4 million, five-property multifamily portfolio B are pleased to be a part of this achievement and look forward to their future success,” re- marked Mr. Baptiste.
ticular focus on secondary mar- kets that exhibit strong rental growth and improving income demographics,” commented Eli Mizrahie, managing partner of Stonebridge. This portfolio strengthens Walker & Dunlop and Stone- bridge’s partnership, which now includes $80 million of transaction volume and 12 af- fordable multifamily properties with over 1,500 total units. “It is exciting to witness the con- tinual growth of Stonebridge and we commend them on their innovative approach to finding new opportunities. We
ETHESDA, MD — Walker & Dunlop, Inc. structured financing for a portfolio of five afford- able Freddie Mac loans total- ing $42,390,000 on behalf of Stonebridge Global Part- ners, LLC (Stonebridge) , an affordable housing owner and operator. The portfolio includes 680 units in five multifamily properties. Two of the properties, Colo- nial Manor Apartments and Hay Creek Apartments, qualify as affordable housing due to Section 8 HAP contracts on 100% of the units. In addi- tion, Hay Creek Apartments is entirely dedicated senior housing. The remaining three properties contain a combina- tion of affordable and workforce housing units. Leading Walker & Dun- lop’s Atlanta-based origination team, Jeff Lawrence, senior vice president, and Matt Bap- tiste, vice president, arranged each 10-year loan with interest- only periods ranging from two to five years, followed by 30- year amortization schedules. Additionally, due to the uncer- tainty in the market and in- creases in U.S. Treasury rates, Stonebridge utilized Freddie Mac’s Index Lock program to preserve proceeds. “We continue to remain fo- cused on new opportunities within the senior living and multifamily sectors, and are looking to expand the Stone- bridge portfolio with a par- BRAVO! team memb e r s e a r n RBSM Designation GREEN BROOK, NJ — BRAVO! Group Services (BRAVO!) announced that four members of its senior lead- ership and operations manage- ment team recently earned the BSCAI’s Registered Build- ing Service Manager (RBSM) designation. The newly desig- nated members are Dan Beck (executive VP), Giovanni Perez (assistant VP), Jamie Blevins (director of opera- tions), and Sylwia Bertini (site manager). The RBSM designation represents an elite group of building service professionals worldwide and is the most prestigious sym- bol of excellence for building service contracting personnel. To-date, a total of 28 BRAVO! teammembers have passed the rigorous examination. n
Walker & Dunlop leads the commercial real estate indus- try in providing financing for multifamily properties and ranked in the top five lenders for Freddie Mac, Fannie Mae, and United States Department for Housing and Urban Devel- opment in 2016. The Company closed over $1.36 billion in affordable transaction volume through the first three quarters of 2017, more than 115% higher than the entire previous year. n
Hay Creek Apartments
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