Walker & Dunlop has arranged a $75 million loan to finance the acquisition of The Worthington Apartments, a multifamily community located in Pikesville, Maryland.
The Walker & Dunlop Capital Markets Real Estate Finance team, led by Jonathan Zilber and Joel Chetner, arranged the 10-year, fixed-rate, nonrecourse acquisition financing. The $75 million transaction was arranged on behalf of Quest Management Group. “We are proud to have delivered long-term competitive agency financing for Quest Management’s acquisition of The Worthington,” said Zilber.
The Worthington is a 612-unit, three-story, garden-style apartment complex situated on 37.48 acres. The community comprises 29 buildings, including 21 residential buildings, four garages, a clubhouse, a pool house, a guard shelter, and a maintenance facility.
Located at 7900 Brookford Cir, Pikesville, Maryland, just west of Baltimore City. The area offers convenient access to the Baltimore Beltway and major employment hubs in Owings Mills, Woodlawn and downtown Baltimore.
Photo credit: Quest Management Group
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