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Walker & Dunlop Structures $12 Million in Financing for Green Globes-Certified Community in Michigan

$12,195,000 in financing for the Townhomes at Two Rivers, a green certified multifamily property located in Lowell, Michigan, a city within the Grand Rapids metropolitan area. Townhomes at Two Rivers Walker & Dunlop Senior Director Benjamin Krosin refinanced the property on behalf of Forest Hills Homes and Rohde Construction, acting as general contractor. The transaction was originated in conjunction with Kari Zapolski, President of Inner Circle Holdings, a Preferred Correspondent of Walker & Dunlop. The team capitalized on their vast knowledge of GSE lending to secure an early rate lock for the ten-year, Fannie Mae loan. As a first-time client, Walker & Dunlop exceeded our expectations when refinancing Townhomes at Two Rivers, said Matt McCollum, Owner of Forest Hills Homes, LLC, and Developer of Townhomes at Two Rivers. The involvement of Rohde Construction from the beginning was also key to the project s success, as the company s several decades of experience provided a

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