Case Study: Bonaventure secures $142 million in HUD financing for 612 new apartments with Walker & Dunlop

Bonaventure secures $142 million in financing with Walker & Dunlop for 612 apartments

Bonaventure, a multifamily developer, sought to expand its portfolio in Virginia with two new apartment communities. They required substantial construction and permanent financing to achieve their long-term strategy of building and holding these assets. They engaged the services of Walker & Dunlop and its FHA Finance team to secure the necessary funding.

Walker & Dunlop arranged nearly $142 million in financing for Bonaventure through the HUD Section 221(d)(4) loan program. This solution provided the construction and permanent financing in a single execution for both projects. As a result, Bonaventure secured the capital to build 612 new market-rate apartment homes, successfully executing its strategy and significantly expanding its holdings in the Virginia market.

Bonaventure