{"id":1004125636,"date":"2015-08-19T07:36:20","date_gmt":"2015-08-19T15:36:20","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358396"},"modified":"2022-12-08T02:41:14","modified_gmt":"2022-12-08T10:41:14","slug":"walker-dunlop-arranges-financing-for-norfolk-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-arranges-financing-for-norfolk-asset\/","title":{"rendered":"Walker & Dunlop Arranges Financing for Norfolk Asset"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/em><\/p>\n

Walker & Dunlop Inc.<\/strong> <\/a>announced that it has recently closed an $18 million CMBS acquisition loan for the Norfolk Commerce Park in Norfolk, Va.\u00a0The loan was secured through the firm’s lending platform and was arranged by John B. Levy & Co.<\/p>\n

\"Norfolk<\/a><\/p>\n

Norfolk Commerce Park<\/p>\n<\/div>\n

The Norfolk Commerce Park is a mixed-use asset located within the Central Norfolk submarket, in proximity of the Norfolk Naval Base. The property spans across 21.3 acres of land and incorporates multi-tenant office space, as well as a 331,686-square-foot warehouse facility. Key tenants include URS Federal Services, FedEx, and ITT Education Services.<\/p>\n

The financing was structured as a 10-year, fixed rate loan with three years of interest-only payments and a 30-year amortization schedule.<\/p>\n

\u201cBy collaborating with our client and listening to their wants and needs, we were able to establish a mutually agreeable structure that allowed us to fulfill our client\u2019s request for CMBS execution despite the property\u2019s challenging rent roll,\u201d Geoff Smith, managing director & head of originations for Walker & Dunlop Commercial Property Funding, said in a prepared statement.<\/p>\n

Image courtesy of First Potomac Realty Trust<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Walker & Dunlop Inc. announced that it has recently closed an $18 million CMBS acquisition loan for the Norfolk Commerce Park in Norfolk, Va.<\/p>\n","protected":false},"author":63,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36153],"tags":[],"class_list":["post-1004125636","post","type-post","status-publish","format-standard","hentry","category-richmond-hampton-roads"],"acf":[],"yoast_head":"\nWalker & Dunlop Arranges Financing for Norfolk Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-arranges-financing-for-norfolk-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walker & Dunlop Arranges Financing for Norfolk Asset\" \/>\n<meta property=\"og:description\" content=\"Walker & Dunlop Inc. announced that it has recently closed an $18 million CMBS acquisition loan for the Norfolk Commerce Park in Norfolk, Va.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-arranges-financing-for-norfolk-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-19T15:36:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T10:41:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/5301_Robin_C.jpg\" \/>\n<meta name=\"author\" content=\"Patrick McGregor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-arranges-financing-for-norfolk-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-arranges-financing-for-norfolk-asset\\\/\"},\"author\":{\"name\":\"Patrick McGregor\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c4b8bd92d517f49f64d90afedab8ec29\"},\"headline\":\"Walker & Dunlop Arranges Financing for Norfolk Asset\",\"datePublished\":\"2015-08-19T15:36:20+00:00\",\"dateModified\":\"2022-12-08T10:41:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-arranges-financing-for-norfolk-asset\\\/\"},\"wordCount\":197,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-arranges-financing-for-norfolk-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/5301_Robin_C.jpg\",\"articleSection\":[\"Richmond\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-arranges-financing-for-norfolk-asset\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-arranges-financing-for-norfolk-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-arranges-financing-for-norfolk-asset\\\/\",\"name\":\"Walker & Dunlop Arranges Financing for Norfolk Asset - 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