Walker & Dunlop Closes $7.5 Million Fannie Mae Refinance Loan for Parkridge Meadows in Corona, California Bethesda, MD - March 6, 2012 - Walker & Dunlop, LLC announced today that it recently provided $7,500,000 in financing for Parkridge Meadows, a garden-style residential apartment community located in Corona, CA.

The refinance loan was structured with a 10-year term and a 30-year amortization under Fannie Mae's Early Rate Lock Program. The loan was underwritten to a 75 percent loan-to-value with a 1.30x debt-service coverage ratio. Walker & Dunlop rate locked the transaction within 17 business days of receiving the signed application from the borrower.
Parkridge Meadows is an 89-unit apartment development built in 1984, situated on over four acres. The multifamily property offers one- and two-bedroom floorplans in 12 residential buildings and one single family residence located adjacent to the apartments. Units feature ceiling fans and patios or balconies. Property amenities include an outdoor swimming pool, spa, barbeque area and a laundry facility. Parkridge Meadows was over 97 percent leased at closing.
Greg Richardson, Johnson Capital, originated the loan. Walker & Dunlop Senior Vice President, Multifamily Finance, Andrew Tapley, (301/215-5578, atapley@walkerdunlop.com) led the Walker & Dunlop team.

About Walker & Dunlop

Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: WD) is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS™, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States. Capital for this financing comes from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Principal Investment group provides institutional advisory, asset management, and investment management services with respect to debt, structured debt and equity.

Contact: Susan Weber

Vice President, Marketing Phone: 301/215-5515 sweber@walkerdunlop.com

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