Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Atlanta & Southeast  + Southeast  + Opportunity Zones  | 
Walker & Dunlop, Inc., has structured $47 million in financing for the development of The Line, an opportunity zone multifamily in Savannah, GA.

Walker & Dunlop Structures $47M for Community in Downtown Savannah OZ

Bethesda, MD-based Walker & Dunlop, Inc., has structured $47 million in financing for the development of The Line, a 219-unit, Class A+ multifamily project in Savannah, GA.

The property is located in downtown Savannah within an Economic Opportunity Zone census tract. Opportunity zones were established by Congress in the Tax Cuts and Jobs Act of 2017 and encourage long-term investments in designated low-income areas by offering incentives in the form of lower or deferred capital gains taxes.

Chris Rumul and Taylor Williams of Walker & Dunlop represented the developer, Standard Communities. Financing was sourced from a regional life insurance company and includes both construction and permanent financing in a single loan. Terms are consistent with opportunity zone guidance, which includes a 12-year construction term with four years of interest-only payments.

Standard’s goal will be to maintain the integrity of the property’s original structure while combining the benefits and amenities of new construction.


Inside The Story

Walker & Dunlop

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Development
  • ◦Financing
New call-to-action
New call-to-action