Walker & Dunlop Lines Up $60M Financing for Columbus Mixed-Use
Walker & Dunlop, Inc. structured a $59,812,000 capital stack, including equity and financing for the construction ofGreen|House, a personal improvement-oriented community from Kaufman Development. Located in Columbus, OH’’s trendy Short North Arts District, the seven-story mixed-use project will feature 158 apartment units and 3,700 square feet of retail.
The capital stack was arranged by Jeff Morris, Chad Kiner and A.J. Mangan, of Walker & Dunlop’s Ohio Capital Markets group. The team secured the debt through a leading regional bank and identified a national insurance company as the ideal equity partner. The financing includes an attractive fixed rate and a declining prepayment schedule for the three-year term.
“We were honored to play a part in bringing this transformative development to life,” said Morris. “Our longtime client, Kaufman Development, is one of the most innovative players in Central Ohio and is bringing a truly differentiated product to the Columbus market.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).