### Walker & Dunlop Secures $34.8M Construction Loan for Affordable Housing in Los Angeles
Walker & Dunlop has successfully arranged a $34.8 million construction loan for 4301 Vermont, an upcoming affordable housing multifamily project in the Vermont-Slauson neighborhood of Los Angeles. The loan was secured on behalf of SoLa Impact, with financing provided by ACORE Capital.
The development will be a five-story, 188-unit affordable housing complex, featuring prefabricated modular units supplied by Model Z, a subsidiary of SoLa Impact. Approximately 80% of the apartments will be allocated for low-income residents, while the remaining 20% will be designated for moderate-income tenants.
“SoLa continues to perfect the model for bringing affordable housing to communities. W&D is glad we could contribute to another marquee development for our friends and partners at SoLa through this financing,” said Chris Montes of Walker & Dunlop. “This development will bring much-needed housing to urban in-fill Los Angeles, specifically to low-income and moderate-income tenants.”
