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Walker & Dunlop finances $77.2M Califiornia deal

Walker & Dunlop Inc., of Bethesda, a commercial real estate finance company, announced it provided $77.2 million in financing for the acquisition of a California apartment complex by Kennedy Wilson, a real estate investment and services firm based in Beverly Hills, California. Walker & Dunlop rate-locked the loan 45 hours after receiving a signed application, using Fannie Mae’s Early Rate Lock execution. Kirker Creek Apartments is a 542-unit, gated, garden-style community in Pittsburg, California. The loan has a 10-year term and five years interest only.