Marquis Multifamily Property Near Los Angeles' Staples Center Sold and Financed by Walker & Dunlop
January 25, 2021 at 05:05 pm IST
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Walker & Dunlop, Inc. announced that it completed the sale and financing for OLiVE DTLA, a 293-unit Class A multifamily property completed in 2016. The seven-story building is located in Downtown Los Angeles' vibrant South Park neighborhood, one of the city's most desirable neighborhoods, offering immediate access to entertainment centers such as L.A. Live, the Staples Center, Microsoft Theatre, and the Novo. Walker & Dunlop's Blake Rogers, Alexandra Caniglia, Hunter Combs, Javier Rivera, and Kevin Sheehan represented the property ownership. Justin Nelson and Allan Edelson worked alongside the sales team to arrange acquisition financing on behalf of Waterton, the buyer. OLiVE DTLA features modern styling and best-in-class amenities, including a pool, fully equipped fitness center with Peloton bikes, rooftop sundeck, outdoor theater, grilling stations, and a fire pit. The community offers studios and one- and two-bedroom units, as well as loft-style apartments with floor-to-ceiling windows. Premium finishes include stainless steel appliances, quartz countertops, and in-unit washers and dryers.
Walker & Dunlop, Inc. is a commercial real estate finance and advisory services firm. The Company focuses on providing multifamily lending, property sales, commercial real estate debt brokerage, and housing investment management. Its segments include Capital Markets, Servicing & Asset Management, and Corporate. Capital Markets segment provides a range of commercial real estate finance products to customers, including Agency lending, property sales, and appraisal and valuation services, others. Servicing & Asset Management segment's activities include servicing and asset-managing the portfolio of loans the Company- originates and sells to the Agencies; or brokers to certain life insurance companies, and originates through its principal lending and investing activities, and managing third-party capital invested in tax credit equity funds focused on the housing sector, and other commercial real estate. Corporate segment includes treasury operations, and other corporate-level activities.