Walker & Dunlop closed on a $13.5 million Freddie Mac acquisition loan for a Priderock Capital Partners, LLC property.

The property, an apartment complex based in North Carolina was acquired from U.S. Bank, N.A. The acquisition loan was structured with a 7-year term and a 30-year amortization under Freddie Mac’s Capital Markets Execution Program (CME).

According to a press release, the property’s high percentage of military tenants qualified the transaction for CME’s military concentration condition, enabling the loan to be underwritten to a 75% LTV with a 1,30x debt service coverage ration.





Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.