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Walker & Dunlop Secures $91 Million Loan for Blue Rock Village in California

1. Walker & Dunlop arranged $91.45 million refinance for a multifamily property in California. 2. The secured loan features a 10-year interest-only term at a fixed rate.

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Why Bullish?

This significant refinancing indicates WD's effective role in the multifamily lending market, reminiscent of their previous successful transactions that positively influenced stock performance.

How important is it?

The article highlights WD's operational success, which can correlate with investor interest and market sentiment, particularly in the real estate financing sector.

Why Short Term?

The immediate closing of a large loan can boost investor confidence, impacting stock prices quickly, as seen after prior successful financing deals.

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FREPMTKBH
BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that it arranged $91.45 million in loan proceeds for the refinance of Blue Rock Village, a 560-unit, Class-B, garden-style multifamily property located in Vallejo, California. Walker & Dunlop Multifamily Finance's Bryan Frazier and Blake Hockenbury, arranged the loan on behalf of long-term client, Prime Residential. The team secured a 10-year, full-term interest-only loan at a fixed rate from Freddie Mac. Blue Rock Vi.

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