Multifamily v Wisconsin

Walker & Dunlop closes $5 million loan for 55-unit apartment community near Milwaukee

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Walker & Dunlop recently closed a loan of $5.3 million backed by Clearwater Apartments, a garden-style rental community in Waukesha, Wisconsin.

Walker & Dunlop recently closed a loan of $5.3 million backed by Clearwater Apartments, a garden-style rental community in Waukesha, Wisconsin.

Jeff Schmidt and Tim Cotter led the origination team, which arranged the 15-year permanent loan shortly after construction wrapped on the apartment community.

The apartment project sits on 8.5 acres. There are 55 one- and two-bedroom units in the property.