WALKER & DUNLOP STRUCTURES $52 MILLION IN FINANCING FOR ALABAMA OPPORTUNITY ZONE DEVELOPMENT

摘要

Walker & Dunlop, Inc., one of the largest commercial real estate finance companies in the U.S., has structured $51,923,400 in financing for ECLIPSE at CityCentre, a five-story, 278-unit, multifamily project located in Huntsville, AL. Co-developed by Spring Bay Property Company, the property will sit atop 18,000 square feet of upscale restaurants and retail and is part of the CityCentre at Big Spring master-planned project being developed by RCP Companies. Once complete, ECLIPSE at CityCentre will include a mix of studios and one- and two-bedroom units with open concept floor plans and nine-foot ceilings. The majority of the apartments also feature private balconies. Community amenities will include a resort-style heated pool, large fitness center, pet walking and grooming area, barbecue stations, outdoor fire pit, ample parking, and sweeping views of Big Spring Park.