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Walker & Dunlop completes sale, financing for Alabama luxury apartments

Walker & Dunlop completes sale, financing for Alabama luxury apartments

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Bethesda-based commercial real estate finance company Walker & Dunlop Inc. Wednesday announced it completed the sale and financing for The Moretti at Vulcan Park, a 135-unit, Class A luxury apartment in Birmingham, Alabama.

Walker & Dunlop’s financing team included Managing Directors Stephen West and Matt Wallach, as well as Senior Managing Director Will Baker. Leveraging their deep understanding of GSE lending programs, the team secured a 10-year Freddie Mac loan with five years of interest-only payments and an attractive, fixed rate.

The financing assignment was completed on behalf of ApexOne Investment Partners, who acquired the multifamily property from Raia Capital Management via Walker & Dunlop’s property sales team, comprised of Managing Directors Kris Mikkelsen and Telly Fathaly.