{"id":1004464501,"date":"2020-07-17T05:10:33","date_gmt":"2020-07-17T13:10:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004464501"},"modified":"2025-02-24T00:50:27","modified_gmt":"2025-02-24T08:50:27","slug":"walker-dunlop-arranges-52m-refi-for-chicago-area-mhcs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-arranges-52m-refi-for-chicago-area-mhcs\/","title":{"rendered":"Walker &amp; Dunlop Arranges $52M Refi for Chicago-Area MHCs"},"content":{"rendered":"<div id=\"attachment_1004464516\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/699-Michelle-Drive.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004464516\" data-attachment-id=\"1004464516\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-arranges-52m-refi-for-chicago-area-mhcs\/699-michelle-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/699-Michelle-Drive.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"699 Michelle Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;699 Michelle Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/699-Michelle-Drive.png?w=800\" loading=\"lazy\" class=\"wp-image-1004464516 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/699-Michelle-Drive.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/699-Michelle-Drive.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/699-Michelle-Drive.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/699-Michelle-Drive.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004464516\" class=\"wp-caption-text\">699 Michelle Drive. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>Walker &amp; Dunlop\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/tel-aviv-bond-market-revives-but-the-bar-is-higher\/\">Managing Director Stuart Wernick<\/a> and Director Matt Newton have arranged $52 million in financing for three, all-age manufactured housing communities located in the Chicago metro area. The Freddie Mac refinancing loans feature a ten-year amortization period and interest rates under three percent. The loans were upsized by utilizing income from newly delivered homes at each of the communities.<\/p>\n<p>The portfolio includes the following all-age communities totaling more than 1,000 sites:<\/p>\n<ul>\n<li>Alpine Village, located at 699 Michelle Drive in Lynwood, Ill.<\/li>\n<li>Paradise Park, located at 699 Michelle Drive in Lynwood, Ill.<\/li>\n<li>Weatherstone Lakes Manufactured Home Community, located at 21191 Torrence Ave. in Sauk Village, Ill.<\/li>\n<\/ul>\n<p>The properties are less than three miles away from each other and are located near Plum Creek Forest Preserve and a golf course at Longwood Country Club. Downtown Chicago is approximately 30 miles away via Interstate 94.<\/p>\n<p>The company completed more than $634 million in financing for manufactured housing communities in 2019 as interest in this sector has been rising. Manufactured housing is considered one of the most viable solutions for the country&#8217;s ongoing affordable housing crisis.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Managing Director Stuart Wernick and Director Matt Newton arranged the Freddie Mac loan for the three communities.<\/p>\n","protected":false},"author":30,"featured_media":1004464516,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21825,13,21742],"tags":[32938,49513,49804,44213],"class_list":["post-1004464501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-finance","category-midwest","category-latest","tag-freddie-mac","tag-manufactured-housing","tag-stuart-wernick","tag-walker-dunlop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Walker &amp; Dunlop Arranges $52M Refi for Chicago-Area MHCs - 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-52m-refi-for-chicago-area-mhcs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walker &amp; Dunlop Arranges $52M Refi for Chicago-Area MHCs\" \/>\n<meta property=\"og:description\" content=\"Managing Director Stuart Wernick and Director Matt Newton arranged the Freddie Mac loan for the three communities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-arranges-52m-refi-for-chicago-area-mhcs\/\" \/>\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=\"2020-07-17T13:10:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-24T08:50:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/699-Michelle-Drive.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-arranges-52m-refi-for-chicago-area-mhcs\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-arranges-52m-refi-for-chicago-area-mhcs\/\",\"name\":\"Walker &amp; 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