Walker & Dunlop has arranged nearly $142 million in financing for the construction of two multifamily communities in Virginia. The financings will support the development of 612 market-rate apartments across Chesapeake and Chesterfield County.
Walker & Dunlop FHA Finance arranged the transactions on behalf of Bonaventure. Chris Rumul, Jason Silva, Cole Parker, and Mike Valucci arranged the financing through the U.S. Department of Housing and Urban Development HUD Section 221(d)(4) loan program.
The financing includes a $62 million construction loan for Attain at Greenbrier, a 268-unit community in Chesapeake, Virginia, and a $79.9 million construction loan for Attain at Swift Creek, a 344-unit community in Chesterfield County, Virginia.
Walker & Dunlop FHA Finance, led by Chris Rumul, Jason Silva, Cole Parker, and Mike Valucci, arranged the financing on behalf of Bonaventure. “These two financings reflect the strength of our long-standing relationship with Bonaventure and our shared commitment to delivering high-quality multifamily housing in growing Virginia markets,” said Rumul.
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