Walker & Dunlop, Inc. has successfully completed a $285,500,000 refinancing for Vantage and The View at Montgomery in Philadelphia. These two student housing properties are situated on Temple University’s campus and have been identified as one of the largest student housing financings closed this year. According to Walker & Dunlop’s Bethesda Multifamily Finance team and New York Capital Markets team who advised The Goldenberg Group on originating seven-year fixed rate loans through Freddie Mac.
The teams also enlisted the help of Walker & Dunlop Investment Partners (WDIP) to provide preferred equity investment as part of the refinancings.
Led by Connor Locke, Colin Coleman, Brendan Coleman, Chris Forte, Adam Johnston and Skye Stansbury from the Bethesda Multifamily Finance team; Adam Schwartz Sean Reimer Aaron Appel Jonathan Schwartz Keith Kurland Michael Ianno William Herring from New York Capital Markets Team; Brian Cornell Marcus Duley Duncan McHale Brent George from WDIP- these teams were able to secure this financing despite macro headwinds caused by financial crisis COVID pandemic nationwide enrollment pressure.
Locke stated that “the student housing sector has continuously proven its resilience in face of challenges.” He further added that “The Goldenberg Group’s meticulous attention to detail has resulted in an unparalleled experience for Temple students which led to rent growth surpassing conventional multifamily assets while also expediting pre-leasing every year.”
This successful transaction demonstrates Walker & Dunlop’s expertise in providing top-notch financial solutions for clients like The Goldenberg Group without mentioning any specific source or Connect CRE platform.
