Walker & Dunlop, Inc. recently originated and closed a $65.8 million 10-year, fixed-rate loan for the acquisition of Canterbury Green Apartments by GoldOller Real Estate Investments. The 1,988-unit apartment complex is located in Fort Wayne, Ind. In terms of units, it ranks as one of the largest rental communities in the United States.
Canterbury Green Apartments is a garden-style apartment complex that features an 18-hole golf course in the center of the property. The course has garnered considerable attention for its historical significance. Though Johnny Appleseed has an official grave site on a hill inside Archer Park, many people believe that he is actually buried near the 9th hole of the Canterbury Green golf course. This location, which is where the cabin in which Johnny Appleseed died once stood, is now marked by a large rock designating it as his grave site.
In addition to its golf course, Canterbury Green Apartments includes a three-story clubhouse, four outdoor pools, three tennis courts, two racquetball courts and a fitness facility with saunas.
GoldOller plans to invest in the property.
Walker & Dunlop’s team was led by senior vice president and managing director Will Baker.