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Walker & Dunlop Provides $75M for Worthington Apartments
Announced
Real Estate ServicesMarylandOther
Deal Overview
Walker & Dunlop provided $75 million in acquisition financing to support Quest Management Group’s purchase of Worthington Apartments, a 612-unit garden-style multifamily community in Pikesville, Maryland, about 15 miles northwest of Baltimore.
The financing is structured as 10-year, fixed-rate, nonrecourse acquisition debt delivered through Walker & Dunlop’s agency financing arm. Walker & Dunlop Capital Markets’ Jonathan Zilber and Joel Chetner arranged the transaction, and the seller was not disclosed.
Key Details
- Transaction
- Quest Management Group acquires Worthington Apartments
- Deal Size
- Under $10M
- Reported Value
- $75 million
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