Wednesday, March 7, 2012

Deal Spotlight: NBS Financial Services Secures $14M for Spokane Apartments

Senior Vice President Wally Harding has arranged $14 million in refinancing for Adirondack Lodge, a 228-unit apartment community in Spokane, Washington. Funding was provided by Fannie Mae through Walker & Dunlop’s Jay Thomas, a Senior Vice President in the company’s Dallas office.

Adirondack Lodge is a Class A community in the highly desirable South Hill neighborhood of Spokane. It features a community lodge, fitness center and swimming pool, and is within walking distance of a variety of retail amenities, schools and public transportation.

NBS Financial and Walker & Dunlop have teamed up to provide financing for a number of other apartment communities in the greater Spokane area.