February 27, 2020
Walker & Dunlop has provided $44.8 million in financing for the Ambling Portfolio, an eight-property, 741-unit multifamily portfolio in South Carolina, North Carolina and Alabama.
All of the units in the portfolio are subject to Land Use Restrictive Agreements, which require that 40% of the units must be occupied by low income tenants earning 60% or less of the Area Median Income. Five of the properties are located in South Carolina, two are in North Carolina, and one is in Alabama.
Jeff Lawrence, Matt Baptiste and Greg Krafcik of Walker & Dunlop secured the financing on behalf of the borrower, Infinity Real Estate Advisors and Infinity Capital Partners. The transaction represents the first investment in the fund, Infinity RE Impact, which was recently formed by Atlanta-based alternative investment management firm Infinity Capital Partners.
Subscribe to Connect Daily National
For comments, questions or concerns, please contact David Cohen
Submit a Press Release
Get Connect Daily
Connect Conferences