Finance v Wisconsin

Walker & Dunlop provides $15 million in financing for Green Bay-area multifamily project

  

Walker & Dunlop recently structured a $15.5 million loan for Manseau Flats, a 78-unit Class-A multifamily development along the western bank of the Fox River in Ashwaubenon, Wisconsin.

Bedford Development will use construction techniques that ensure the project will qualify for the National Green Building Standard designation.

Senior vice president Brandon Strong and managing director Chris Rumul led the Walker & Dunlop team in arranging the new construction loan through the U.S. Department of Housing and Urban Development 221(d)(4) program. The 40-year, fixed-rate loan includes a two-year construction term and provides both construction and permanent financing.