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Chicago & Midwest  + Greater Chicagoland  + Finance  | 
The Clublands at Antioch build-for-rent single-family housing Antioch IL

Walker & Dunlop Arranges Financing on Build-for-Rent in Antioch

Walker & Dunlop arranged $30,388,000 in construction financing for The Clublands of Antioch by Moda Homes, a 110-unit single-family rental community in Antioch, IL. The project is being developed by Moda Homes, which has engaged Ryan Homes as the homebuilder. 

The financing was arranged by Eric McGlynn, managing director within Walker & Dunlop’s Capital Markets group and a member of its Build-For-Rent (BFR) and Single-Family Rental (SFR) Practice Group. The loan was provided by CoreVest Finance, a division of Redwood Trust. 

“Moda has significant land holdings in the area and big plans for developing additional communities, and CoreVest has been a great partner in helping to make that vision a reality,” said McGlynn. 

The new development will sit within The Clublands of Antioch, a 1,000-unit master-planned community with approximately 450 existing homes. Once complete, the development will include a mix of one- and two-story luxury homes averaging 1,719 square feet. 

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Inside The Story

Walker & Dunlop's McGlynn

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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