Walker & Dunlop Arranges Multifamily Construction Loan in Sherman Oaks, Calif.

Walker & Dunlop, Inc. (NYSE: WD) announced today that it structured a $7,905,000 construction loan for ALEMAR LLC, a residential developer based in Pasadena, California, for a townhouse project in Sherman Oaks, Calif. ALEMAR LLC will use the loan to re-develop an apartment property it has owned since the 1970s by constructing an 18-unit townhouse…