Garden, mid-rise and high-rise apartments.
5, 7, 10, 15, 20, 25 or 30 years.
PREFERRED LOAN SIZE:
$10 million and larger.
Up to 30 years. Partial or full term interest-only periods may be available.
Non-recourse except for standard carve-out provisions.
Allowed during the life of the loan subject to Walker & Dunlop approval.
Prepayable in full subject to defeasance.
Available for qualifying properties.
Monthly escrows for real estate taxes, property insurance and replacement reserves are required.
Greater of $2,000 or 0.1% of the loan amount.
Typically 1% of the loan amount.
Standard transaction costs, including legal, title insurance, survey, and appraisal, environmental, and engineering reports.
This is a summary of general program terms, which are subject to change. This is not a commitment to lend.