Summary:
- Walker & Dunlop, Inc. announced today that it has arranged $555,600,000 in financing for a portfolio of 14 student housing properties totaling 4,295 units and 10,454 beds across nine states.
- Walker & Dunlop Capital Markets Real Estate Finance arranged the financing on behalf of longtime client, The Scion Group. Colin Coleman, Brendan Coleman, and Will Baker secured a floating-rate, interest-only loan through an existing Fannie Mae credit facility.
- The portfolio includes student housing communities in Arizona, Alabama, California, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas. The financing supports The Scion Group’s long-term ownership strategy while providing flexible capital across a geographically expansive portfolio.
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