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BETHESDA, Md., May 24, 2021 /PRNewswire/ Walker & Dunlop, Inc. announced today that it has arranged both debt and equity financing for the acquisition of
The Bungalows on Pine Cliff, a build-for-rent (BFR) housing development located in Flagstaff, Arizona. This structured transaction includes $37,600,000 in bridge financing as well as a joint venture partnership.
The Bungalows on Pine Cliff
Walker & Dunlop s dedicated BFR team was led by Heather McClure. Ms. McClure and her team advised St. Clair Holdings, in identifying a joint venture partner to provide both funds and support as they execute their business plan. Leveraging their broad network of capital providers, the team identified New York City-based Dome Equities as the ideal capital partner for St. Clair Holdings. The partnership is expected to develop into a programmatic raise with multiple BFR developments throughout Arizona. Dave Hendrickson and Pat Modig, of Walker & Dunl